Economic News
India's GDP growth dips to 9-year low of 5.3 percent
New Delhi, May 31 (IANS) India's economic growth slumped to 5.3 percent in January-March quarter, the slowest in nine years, due to poor performance of manufacturing and farm sectors, official data showed Thursday.
For the whole of 2011-12 financial year, the gross domestic product (GDP) growth slumped to 6.5 percent. This is the slowest pace of expansion in the country's economy since 2002-03, when
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