GDP, inflation data depressing in the year 2012 - NewsX

Nothing seems to have gone well or ended well in year 2012. The country's gross domestic product growth was stuck at a three-year low. The GDP figure was 5.5 per cent in the April-June quarter of 2012-13 fiscal. It was 6.7 per cent in the July-September period of the previous fiscal. Belying some expectations of recovery, India's economic growth too had slipped further in the July-September quarter to 5.3 per cent. India had been growing around 8-9 per cent before the global financial meltdown of 2008. The growth rate in 2011-12 slipped to 9-year low of 6.5 per cent. That has raised fears that the slowdown may pull down the annual growth rate to the decade's low level.

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