News: India's GDP growth hits decade-low of 5% in 2012-13

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India's GDP growth hits decade-low of 5% in 2012-13

Growth of the Indian economy, consistent with expectations, hit a decade low of 5% in 2012-13, Mint reported. Depressing as this news was, the underlying trends, as revealed in the fourth quarter (Q4) data released by the Central Statistics Office (CSO) on Friday, suggested that the economy is bottoming out.

Growth of the Indian economy, consistent with expectations, hit a decade low of 5% in 2012-13, Mint reported. Depressing as this news was, the underlying trends, as revealed in the fourth quarter (Q4) data released by the Central Statistics Office (CSO) on Friday, suggested that the economy is bottoming out.

Growth in Q4 of 2012-13 rose marginally to 4.8%, compared with the previous quarter. More importantly, it snapped the steady decelerating trend witnessed in the previous three quarters. The size of Asia’s third largest economy is now estimated at $1.78 trillion (around Rs.100 trillion).

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Topics: C-Suite, #Updates

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