RIYADH: India’s economic growth slowed further in the December quarter as a series of interest rate hikes by the country’s central bank hurt demand and weakness in the manufacturing sector continued.
Asia’s third-largest economy recorded year-on-year growth of 4.4 percent in October-December, down from 6.3 percent in July-September, data released by the government on Tuesday showed.
October-December growth was below a Reuters forecast of 4.6 percent.
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Cartoon by Amjad Rasmi. (Courtesy of Asharq Al-Awsat) Source link
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