India grew by 7.6% in 2015-16, 7.9% in last quarter

India's economy expanded by 7.6% in 2015-16 the fastest growth of the nation along with other developed nations. In the previous quarter the country Gross Domestic Product (GDP) was 7.2% which is increase in the January to March was 7.9%. Good expansion in service industries like finance, trade and real estate continued to drive annual growth. Financial, real estate and professional services recorded 10.3%, manufacturing industry also recorded 9.3% an increase from 5.5% in the previous financial year. Hotels, trade, communication, transport and services related to broadcasting stud at 9% and 'mining and quarrying' at 7.4%.  Farm output expanded by 1.2%, having contracted 0.2% the year before.

The real per capita income also rise 6.2% to INR 77,435. Based on the Reserve Bank of India (RBI) reference exchange rate of INR 67.20 to a dollar as on Tuesday, the country's gross domestic output was valued at $1.69 trillion.