New Delhi: The Indian economy grew 7 percent in the first quarter of this fiscal, showing signs of slowing vis-a-vis the 7.5 percent expansion in the quarter before. But the growth was much higher than 6.7 percent registered in the first quarter of the last fiscal.

As per official data on gross domestic product (GDP) released by the Central Statistics Office (CSO) under the Ministry of Statistics and Programme Implementation, showed that the growth of 7 percent was led mainly by expansion in commercial and financial services and manufacturing output.