India's GDP growth slows more than expected
2013-08-30 16:44:41
India's economic growth eased more-than-expected during the quarter ended June to a decade-low, data released by the Central Statistics Office revealed Friday.
Gross domestic product grew only 4.4 percent sequentially during April to June period, down from 4.8 percent in the previous quarter. The economy was expected to expand by 4.7 percent.
During the same period of last year, GDP advanced by 5.4 percent.
The latest estimate showed that mining and manufacturing sectors contracted from the previous year. Manufacturing fell 1.2 percent and, mining and quarrying shrank 2.8 percent. Meanwhile, electricity, gas and water supply grew 3.7 percent and the farm sector expanded 2.7 percent.