Categories: Business

India's growth slowed in December quarter on weakness in manufacturing


Tue, 2023-02-28 16:17

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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