Sunday, July 13, 2014





India growth at 5.3 pct, stuck at 3-yr low


February 19. 2013 7:44PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) India's economy grew 5.3 percent in the September quarter, government data showed Friday, stuck at its lowest levels in three years as New Delhi struggles to enact reforms to kick-start investment and growth.


The number was in line with expectations.


Slowing growth complicates New Delhi's efforts to create jobs for its exploding youth population and balance the budget, while paying for costly social programs in advance of national elections in 2014.


India's economy grew 5.5 percent during the June quarter, after expanding by 5.3 percent in the March quarter. This is the slowest pace since the global recession, which dragged India's economic growth down to 3.5 percent for the January-March quarter of 2009.


Our expectation is that there will be a pickup in the second half, C. Rangarajan, chairman of the Prime Minister's Economic Advisory Council, told CNBC-TV18. We should be able to have a growth rate of 5.5 percent or a little above that for the year as a whole.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds