Economic Growth declined to a low of 5 Percent for the 2012-13 Fiscal

Economic Growth declined to a low of 5 Percent for the 2012-13 Fiscal – Central Statistical Organisation.

According to data released by the Central Statistical Organisation (CSO) on May 31 2013, economic growth slowed to 4.8 per cent in the January-March quarter and fell to a decade’s low of 5 per cent for the entire 2012-13 fiscal due to poor performance of farm, manufacturing and mining sectors.

The economic growth or gross domestic product (GDP) had expanded by 5.1 per cent in January-March quarter of 2012-13.The Indian economy had grown by 5.4 per cent, 5.2 per cent and 4.7 per cent in the first, second and third quarters, respectively, of 2012-13. The country had clocked 6.2 per cent growth in 2011-12 fiscal.

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Economic growth

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