Mumbai, India (AP) - India says economic growth slowed to 6.1 percent in the December quarter on weak manufacturing and mining, the slowest pace in more than two years.
High interest rates, rising production costs, stalled investment, political paralysis and corruption scandals have taken a toll on all third-largest economy in Asia.
The government now says the economy is expected to grow by around 7 percent for the twelve months ending March, compared with earlier expectations of 9 percent.
High interest rates, rising production costs, stalled investment, political paralysis and corruption scandals have taken a toll on all third-largest economy in Asia.
The government now says the economy is expected to grow by around 7 percent for the twelve months ending March, compared with earlier expectations of 9 percent.
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