India’s eco growth stays subdued at 4.7% in 2013-14

Posted on May 30 2014 - 9:32pm by IBC News

New Delhi, May 30 India’s economic growth remained subdued at 4.7 per cent in 2013-14 and at 4.6 per cent in the fourth quarter of the financial year, mainly due to a decline in manufacturing and mining output.

The country’s economy, or gross domestic product (GDP), had expanded at 4.5 per cent in 2012-13, the slowest pace in the past decade.

Growth in 2013-14 was less than the Central Statistics Office’s advance estimate of 4.9 per cent. The economy expanded 4.

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