India: Third quarter GDP growth slows, in line with expectations
Published on Tuesday, November 29, 2011
India: Third quarter GDP growth slows, in line with expectations
India’s growth momentum slowed in 3Q11, as expected, to a nine quarter low of 6.9% y/y from 7.7% in 2Q11. The outturn was in line with expectations, which had been marked down due slowing activity indicators, sluggish reform progress, and worsening global prospects.
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