India quarterly growth slows to 5.3%
- Published: 30 Nov 2012 at 17.47
- Online news: World
India's economic growth eased to 5.3 percent in the July-September quarter, extending a slowdown since the start of the year, data showed Friday, but analysts said a "modest recovery" was looming.
Hotel billboards are seen on a busy street at the Paharganj market in New Delhi. India's economy grew by 5.3 percent in the quarter to September, according to the latest data, continuing a slump blamed on falling investment and weak industrial activity.
While the growth rate for the quarter to September was in line with most market expectations, it was weaker than the 5.5 percent growth in the April-to-June quarter and well down from 6.7 percent expansion a year ago.
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