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Reply #24: south asia: India's growth rate drops to slowest in two years [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Nov-30-11 07:18 AM
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24. south asia: India's growth rate drops to slowest in two years
http://www.bbc.co.uk/news/business-15956847

The Indian economy grew at its slowest pace in two-years, as the manufacturing and mining industries suffered.

Gross domestic product growth fell to 6.9% between July and September compared to the same period a year earlier, data showed.

Growth expanded at 7.7% in the previous three months.

A slew of interest rate increases aimed at reining in high prices have hurt industrial expansion in Asia's third largest economy.
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