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HindustanTimes Wed,30 Jul 2014

GDP disappoints with 4.7% growth in Dec quarter

Reuters  New Delhi, February 28, 2014
First Published: 18:11 IST(28/2/2014) | Last Updated: 18:21 IST(28/2/2014)

India's economy grew a slower-than-expected 4.7% in the three months through December, dragged down by a contraction in manufacturing and mining, the last GDP data released by the government before a general election showed on Friday.

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Analysts polled by Reuters had forecast growth of 4.9%. December's figure was the seventh successive quarter of economic growth below 5%.

Manufacturing contracted an annual 1.9% during the quarter compared with 1% growth in the previous quarter, while mining shrunk by 1.6%, the data showed.

Annual farm output growth also slowed to 3.6% in October-December period, from 4.6% in the previous quarter.


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