India GDP Grows the Least Since ’09, Adding to Rate-Cut Case
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India’s economy grew at the slowest pace in more than two years last quarter as domestic demand weakened and the global recovery faltered, adding pressure on the central bank to lower interest rates.
Gross domestic product rose 6.1 percent in the three months through December following the previous quarter’s 6.9 percent climb, the Central Statistical Office said in a statement in New Delhi today. The median of 29 estimates in a Bloomberg News survey was for a 6.3 percent advance.