02102016Wed
Last update: Wed, 10 Feb 2016 10pm
Home» World » Global Business & Economy

India GDP quarterly growth slips to 7.8 pc

indian-economyNEW DELHI: Indian economic growth in the January-March quarter slipped to 7.8 percent from a year earlier, official data showed Tuesday, as an aggressive series of interest rate hikes slowed activity.

For the full fiscal year to March 2011, India's economy posted growth of 8.5 percent, India's Central Statistical Organisation reported, a shade below the government's expectation of 8.6 percent expansion.

Copyright AFP (Agence France-Presse), 2011