Comprehension Passage
The Ministry of Statistics and Programme Implementation (MOSPI) has just released their quarterly estimates for the country's Gross Domestic Product (GDP). The data puts the real GDP growth rate at 4.5% for the current fiscal year. The GDP at constant (2011-12) prices in Q2 of 2024-25 is estimated at $40 trillion compared to $38.3 trillion in Q2 of 2023-24, showing a growth rate of 4.43%. The MOSPI also provided sector-wise estimates. The 'Agriculture, Forestry, and Fishing' sector has shown a growth of 3.4%, which is lower compared to the 4.2% growth achieved during the corresponding quarter of the previous fiscal. Meanwhile, 'Manufacturing' has seen a significant uptick in growth. The estimates indicate a 6.5% growth rate in the manufacturing sector this quarter compared to only 1.2% during the same period the previous year.
Compared to the previous fiscal year, how has the 'Manufacturing' sector's growth rate changed in the current fiscal year?
1
decreased
2
increased
3
same
4
Cant be determined