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Indian economy slows further, increases 4.5%

AFP
March 1, 2013, 12:26 am TWN

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NEW DELHI--India's economic slowdown deepened in the October-December quarter, expanding by 4.5 percent on an annual basis, official data showed on Thursday.

The Indian economy, the world's 10th biggest, is projected to expand by 5 percent this fiscal year to March, the lowest figure for a decade, after growth of 6.2 percent last financial year.

Over the course of this fiscal year, growth has dropped progressively from 5.5-percent growth in the April-to-June quarter and 5.3 percent in the July-September quarter.

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