The drop is marked as the slowest quarterly rate in at least four years.
"Quarterly GDP at factor cost at constant (2004-2005) prices for Q1 of 2013-14 is estimated at ' 13.71 lakh crores, as against ' 13.14 lakh crores in Q1 of 2012-13, showing a growth rate of 4.4 per cent over the corresponding quarter of previous year," the government said in a statement on Friday.
India's Gross Domestic Product (GDP) stood at 4.8 percent in the previous quarter.
The services sector registered 9.4 percent growth in April-June quarter while the growth in the agriculture sector stood at 2.7 percent.
The manufacturing sector dropped by 2.8 percent while the manufacturing sector posted a contraction of 1.2 per cent.
"The economic activities which registered significant growth in Q1 of 2013-14 over Q1 of 2012-13 are 'financing, insurance, real estate and business services' at 8.9 per cent and 'community, social and personal services' at 9.4 per cent. The estimated growth rates in other economic activities are: 3.9 per cent in 'trade, hotels, transport and communication', 3.7 per cent in 'electricity, gas and water supply', 2.8 per cent in 'construction', 2.7 per cent in 'agriculture, forestry and fishing', (-)1.2 per cent in 'manufacturing' and (-)2.8 per cent in 'mining and quarrying' during this period," read the statement.
--IBNS (Posted on 30-08-2013)