dimanche 1 septembre 2013

India's GDP shows continuing slowdown

It adds to the pressure on Indian Prime Minister Manmohan Singh

India's economy continues to slowdown according to the latest government figures.

For the April-to-June quarter, it grew at a rate of 4.4%, compared with the same period in the previous year.

It was a weaker performance than most economists had been expecting and was a slowdown from the first three months of the year, when growth was 4.8%.

A contraction in mining and manufacturing activity was behind the slowdown.

Read more... "The economy needs the undivided attention of policy makers"

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