Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT tid,hits,start_time FROM biztimes_stats.stats_articles_au WHERE tid='536805' Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT cmt_count FROM ib_articles_counts WHERE id='536805' Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT * FROM ib_sources WHERE id='5' Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT * FROM ib_articles_options WHERE article_id='536805' Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT article_id FROM ib_topics_index WHERE tid='379' ORDER BY id DESC LIMIT 10Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT article_id FROM ib_topics_index WHERE tid='353' ORDER BY id DESC LIMIT 10Host 'subweb.ibtimes.com' is not allowed to connect to this MySQL serverSELECT * FROM ib_rates WHERE article_id='536805' LIMIT 1 India Revises Down 2012/13 GDP Growth to 4.5 Percent y/y - International Business Times

India Revises Down 2012/13 GDP Growth to 4.5 Percent y/y

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February 1, 2014 2:58 PM EST

India revised down its economic growth for the fiscal year 2012/13 to 4.5 percent from 5.0 percent earlier, the government data showed on Friday, on lower than provisionally estimated output in farm and manufacturing sectors.


A labourer carries a sack of cement against a backdrop of the central Mumbai financial district, in February, 2013.

The latest numbers are the first revised gross domestic product (GDP) estimates for the last fiscal year.

The data also showed lower than estimated growth numbers for exports, capital investment and consumption sectors, suggesting deeper underlying weaknesses in Asia's third-largest economy, which grew at more than 9 percent before the 2008 global financial crisis.

The GDP growth for 2011/12 fiscal year was, however, upwardly revised to 6.7 percent from 6.2 percent, but that of the 2010/11 year was revised down to 8.9 percent from 9.3 percent, the data from the Ministry of Statistics showed.

The government and the central bank have often blamed sharp data revisions for creating problems for policy formulations.

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A labourer carries a sack of cement against a backdrop of the central Mumbai financial district, in February, 2013.
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