Indian growth slows to 5.3%

Indian growth slows to 5.3% India’s economy slowed further in the three months to September, with year-on-year growth dropping to 5.3 per cent from 5.5 per cent the previous quarter.

The figures present the government with another headache as it struggles to push controversial economic reforms through parliament.
In estimates released on Friday, the Central Statistics Office said year-on-year growth in manufacturing was a meagre 0.8 per cent, while agriculture expanded just 1.2 per cent. The most buoyant sector was finance, insurance, real estate and business services at 9.4 per cent, while construction rose 6.7 per cent.

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