Arab Today, arab today indian growth slows to 61 in octdec quarter
Last Updated : GMT 15:53:52
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Indian growth slows to 6.1% in Oct-Dec quarter

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Arab Today, arab today Indian growth slows to 6.1% in Oct-Dec quarter

New Delhi - AFP

India\'s economic growth slowed to a worse-than-expected 6.1 percent in the final three months of 2011, data showed Wednesday, hit by a string of interest rate hikes and a sluggish global economy. The figure for the financial third quarter was below market expectations of 6.3 percent expansion and comes on the back of 13 interest rate hikes since March 2010 that have sapped demand and slowed manufacturing activity.

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