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 This material may not be published, broadcast, rewritten or redistributed.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.

BING NEWS:
  • Gujarat, Maharashtra Lok Sabha Election 2024 highlights: Maharashtra sees 54.7% turnout; Gujarat records 56%
    Maharashtra saw a low voter turnout of 18.18 percent on the third phase of polling till 11 am, lowest of all the states voting on Tuesday, according to the data released by Election Commission. As per ...
    05/7/2024 - 4:02 pm | View Link
  • Missing in action: How two key parties in India’s largest state collapsed
    Near-absence of campaign by Samajwadi Party and Bahujan Samaj Party, which once ruled UP, reflects larger challenges.
    05/1/2024 - 6:12 pm | View Link
  • Bade Miyan Chote Miyan Box Office Collection: Akshay Kumar and Tiger Shroff starrer earns just Rs 8.6 crore in second week
    Despite featuring top stars like Akshay Kumar and Tiger Shroff, "Bade Miyan Chote Miyan" disappoints at the box office, earning just Rs 8.6 crore in i ...
    04/25/2024 - 7:22 pm | View Link
  • How will Iran-Israel fight affect India Mint Podcast Latest Podcast in English
    Advertisers are spread across 55 categories, a 65 percent increase from the previous ... Tiger Shroff's film disappoints with dull first weekend, to earn over Rs 9 crore ...
    04/14/2024 - 1:00 pm | View Link
  • Panghal returns to India boxing team for Olympic qualifier
    Amit Panghal is back in the India team for the final Paris Olympics qualifier in Bangkok from May 25. Several changes have been made in the squad after India's poor showing at the qualifier in Italy.
    04/13/2024 - 6:25 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News