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India's GDP grows better-than-expected 4.8% in Sep quarter
November 29, 2013 17:54 IST
India's economy grew higher-than-expected 4.8 per cent in the three months through September, helped by an uptick in agriculture and construction, government data showed on Friday.
Analysts polled by Reuters had forecast a growth of 4.6 per cent.
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India's GDP grows better-than-expected 4.8% in Sep quarter
November 29, 2013 17:54 IST
The Indian economy is struggling to rebound from a long slowdown.
Economic growth virtually halved in two years to 5 per cent in the fiscal year -- the lowest level in a decade -- and most economists surveyed by Reuters last month expect 2013/14 to be worse.
Manufacturing rose 1 per cent during the quarter and mining fell by 0.4 per cent, the data showed, while farm output rose 4.6 per cent.
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© Copyright 2024 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.