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India's GDP disappoints with 4.7% growth in Dec quarter

February 28, 2014 17:53 IST

India's GDP disappoints with 4.7% growth in Dec quarter

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Manoj Kumar in New Delhi

India's economy grew a slower-than-expected 4.7 per cent in the three months through December, dragged down by a contraction in manufacturing and mining, the last GDP data released by the government before a general election showed on Friday.

Analysts polled by Reuters had forecast growth of 4.9 per cent.

December's figure was the seventh successive quarter of economic growth below 5 per cent.

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Image: Balloons in the Indian Tricolour are popular with kids.
Photographs: Dharmadhyaksha/Wikimedia Commons

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India's GDP disappoints with 4.7% growth in Dec quarter

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Manufacturing contracted an annual 1.9 percent during the quarter compared with 1 per cent growth in the previous quarter, while mining shrunk by 1.6 percent, the data showed.

Annual farm output growth also slowed to 3.6 per cent in October-December period, from 4.6 per cent in the previous quarter.


Image: A labourer carries watermelons at a market early morning in the old quarters of Delhi.
Photographs: Ahmad Masood/Reuters
Tags: GDP , India

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