Indian economy grew at decade low of 5% in 2012/13

Reuters: India’s economy grew 5% in 2012/13, its lowest rate in a decade and in line with an official estimate, government data showed on Friday. Gross domestic product grew at 4.8% in the quarter ending 31 March, the date showed, in line with a poll of analysts by Reuters.

The manufacturing sector grew an annual 2.6% during the quarter while farm output rose just 1.4%, the data showed.