INDIA'S FY13 GDP GROWTH HITS DECADE LOW OF 5%
The Economic Times, May 31, 2013
NEW DELHI: India's Gross Domestic Product (GDP) grew at 4.8% in the fourth quarter of FY13, marginally lower than an ET Now poll estimate of 4.9%. This is a marginal improvement over the Q3 GDP growth rate of 4.7%.
The GDP for the entire FY13 grew at 5%, which is a decade low number. The manufacturing sector of the economy grew at 2.6%.
The consensus estimates of the poll ranged from 4.3% to 5.5%.
India's economic growth was at 6.2 per cent for the 2011-12 fiscal.
It had grown by 5.4 per cent, 5.2 per cent and 4.7 per cent in the first, second and third quarters, respectively, of 2012-13, according to data released by the Central Statistical Organisation (CSO) today.
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