India disappoints with 5.5 percent growth Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 4:15 a.m., Friday, August 31, 2012 The economic figures for the April-June quarter released Friday by the government showed that industrial and investment activity had failed to pick up pace while the services sector weakened. The only bright notes were in the construction sector, which showed a robust 10.9 percent growth; and financing, insurance, real estate and business service activities, which expanded by 10.8 percent. Opposition parties have paralyzed parliamentary business since the latest scandal erupted on the sale of coal mining blocks without competitive bidding. "Given the headwinds for agriculture due to deficient monsoon and the decline in domestic and global consumption along with the ongoing deterioration in investments, the outlook on GDP is very cautious," said Shubhada Rao, the chief economist at Yes Bank.
Comment on India disappoints with 5.5 percent growth
Business Heds Index, Seattle Post-Intelligencer: Business
Fri, 08/31/2012 - 5:33am
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