Economy

xchrom

(108,903 posts)

22. India's economic growth disappoints

Sat May 31, 2014, 07:29 AM

May 2014

http://www.bbc.com/news/business-27638906

ndia's economic growth has remained subdued, due largely to a slowdown in the manufacturing sector, official figures have shown.

The economy grew at an annual rate of 4.6% between January and March, below analysts' forecasts and the same pace as the previous quarter.

For the full 2013-14 financial year, growth was 4.7%, the second straight year of sub-5% expansion.

New Prime Minister Narendra Modi has pledged to boost growth.

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