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Indian GDP growth up 6.1 per cent in Q3

Growth slowest in three years.

Indian gross domestic product (GDP) grew by 6.1 per cent in the third quarter -- October to December 2011 -- marking the country's slowest rate of growth for three years.

The Indian government is targeting an economic growth rate of 7 per cent for the fourth quarter of financial year 2011-12.

Economic activities like electricity, gas and water supply' and construction have registered a growth rate of 9 per cent and 7.2 percent respectively over the same period in 2010-11.

The trade, hotels, transport and communication sector and the financing, insurance, real estate and business services sector registered growth of 9.2 per cent and 9 per cent respectively, while community, social and personal services registered a growth of 7.9 per cent.

For the estimated period, the growth rate in agriculture, forestry and fishing, mining and quarrying and manufacturing is estimated at 2.7 per cent, - 3.1 per cent and 0.4 per cent, respectively.

Services sectors

The key indicators of railways -- net tonne kilometres and passenger kilometres -- have shown growth rates of 5.3 per cent and 5.6 per cent, respectively in third quarter of 2011-12, as against the growth rates of 4 per cent and 6.2 per cent, in the corresponding period last year.

Transport and communication sectors

The sale of commercial vehicles, cargo handled at major ports, cargo handled by the civil aviation and passengers handled by the civil aviation registered growth rates of 22 per cent, - 4.8 per cent, - 2.8 per cent and 12.9 per cent, respectively over same period last financial year.

Banking

Aggregate bank deposits and bank credits have shown growth rates of 11.9 per cent and 10.7 per cent, respectively during April-December 2011-12 over the corresponding period in 2010-11.