Farm, service sector push eco growth to 8.2% in Q3

Driven by good performance of agriculture and services sector, the Indian economy grew by 8.2% in the third quarter of the current fiscal, up from 7.3% in the corresponding period a year ago.

According to the data released by the government today, farm sector during the third quarter ending December, recorded a growth rate of 8.9%, up from a decline of 1.6% in the corresponding period a year ago.

The services sector, including financing, insurance, real estate and business services during the same period recorded a growth rate of 11.2% as compared to 8.5% during the same period last year.

Electricity, gas and water supply is another sector that has done well as it grew at the rate of 6.4% in third quarter compared to 4.