India posts 4.7% year-on-year growth, lower than expected
A worker weaves a sari at a handloom factory in Rajapura Varanasi, India
New Delhi - AFP
India's economy grew by 4.7 percent in the last financial year to March 2014, data showed Friday, underscoring challenges facing new Prime Minister Narendra Modi to revive Asia's third-largest economy.
The expansion figure marked the second straight year of below five percent growth. The figure was also below the 4.9 percent growth forecast by the previous Congress-led government.
Growth for the final quarter to March was 4.6 percent year-on-year.
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