India’s Gross Domestic Product (GDP) growth rate continued to decline for the third consecutive quarter and stood at 4.5% in the third quarter 2012. Correspondingly, the construction segment, and the financing, insurance, real estate and business services segment saw a lower growth rate of 5.8% and 7.9% respectively compared to the previous year. However, there are signs of improvement in the overall economy, with the manufacturing sector witnessing a growth rate of 2.7% in January 2013 compared to 0.7% in December 2012.
Source : Cushman & Wakefield