India’s gross domestic product (GDP) was 7.1 per cent in this fiscal’s second quarter (Q2), 110 basis points (bps) lower than the first quarter’s (Q1) 8.2 per cent, but 80 bps higher than the previous year’s 6.3 per cent. Agriculture, manufacturing, construction and financial services reported lower Q2 growth over Q1, but fared better than the previous year.