Friday, December 14, 2012

GDP growth slows in India | Essentials

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GDP growth slows in India

Jordan 2011 - World Economic Forum Special Meeting on Economic Growth and Job Creation in the Arab World
Jordan 2011 - World Economic Forum Special Meeting on Economic Growth and Job Creation in the Arab World by World Economic Forum
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Excerpt:

Gross domestic product, the broadest measure of a nation's economic health, grew at a rate of 5. 3% from June to September compared to the previous year, the government said. The slowdown marks the third straight quarter of GDP growth below 6% for India, which has struggled recently to resolve political disputes over proposed economic reforms. At 5. 3%, the rate also matches a three-year low for the key indicator. Still, the slower rate was in line with analyst expectations. The International Monetary Fund said last month that the growth outlook for India is "unusually uncertain" after a disappointing first half of the year, caused in part by a sharp drop in consumer confidence. After years of rapid growth, the economy is expected to expand by only around 5% this year.

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Manmohan Singh

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FieldTerminology: Gross domestic product

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FieldTerminology: GDP

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Country: India

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Disambiguation: Location | HumanLanguage | Region | GovernmentalJurisdiction | FilmEditorReferences:

Organization: government

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