India records 6.1% economic growth in the Q3 for the current fiscal year. This is the lowest growth rate in more than two years. Last year’s GDP in October-December quarter was 8.3%.
Alongside poor performance of the manufacturing, mining and farm sectors, Pundits are also blaming RBI’s financial policy, which led to slowing down the industrial growth.
The quarter three which ends in December 31, 2011 saw growth in the manufacturing sector slipped to 3.4% (7.8% same period last year), Farm growth 2.7% (11% same period last year), Mining 3.1 (6.1% same period last year) per cent in Q3 of last fiscal.
Tags: GDP growth interest rates October-December quarter Q3 economic growth RBI