Indian economy grew at 5.7% during first quarter of fiscal 2015. The market had forecasted gross domestic product (GDP) growth to come at 5.8%. GDP growth stood at 4.7% in the fourth quarter of fiscal 2014.

Quarterly GDP at factor cost at constant (2004-2005) prices for Q1 of 2014-15 is estimated at Rs 14.38 trillion, as against Rs 13.61 trillion in Q1 of 2013-14.

Financing, insurance, real estate and business services grew at 10.4%, followed by electricity, gas and water supply (10.2%); agriculture, forestry and fishing (3.8%); construction (4.8%) and trade, hotels, transport and communication (2.8%).

On the other hand, mining and quarrying witnessed growth of 2.1% while manufacturing registered growth of 3.5%.