Indian economy expected to grow at weakest pace in a decade this year

by Paul Joseph on February 8, 2013 · 0 comments

India’s economy is expected to grow at its weakest pace in a decade in the current financial year, India’s statistics ministry said. According to stats released by the Central Statistics Office (CSO) on Thursday, India’s gross domestic product (GDP) will grow at an estimated rate of 5 per cent in the twelve months ending March 31. The estimated figure is considerably down from 7.6 (+/- 0.25 per cent) growth projected in the Union Budget 2012-13. read more

[via Stock Watch – Stock Specific News]

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