India GDP quarterly growth slips to 7.8 pc

NEW 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