India grows 5.3 pct, slowest since 2008
MUMBAI, India, MAY 31 (AP/UNB) - India says the economy grew 5.3 percent in the March quarter, the slowest since 2008.
The data was far worse than expected.
Growth for the fiscal year came in at 6.5 percent.
Manufacturing growth, a key source of jobs, fell 0.3 percent in the March quarter from a year earlier.
The rupee also hit a fresh lifetime low Thursday. The benchmark Sensex index slipped 1.2 percent.
The data was far worse than expected.
Growth for the fiscal year came in at 6.5 percent.
Manufacturing growth, a key source of jobs, fell 0.3 percent in the March quarter from a year earlier.
The rupee also hit a fresh lifetime low Thursday. The benchmark Sensex index slipped 1.2 percent.
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