Economic growth for 2012-13 lowered to 4.5 percent from 5 percent - TopicsExpress

Economic growth for 2012-13 lowered to 4.5 percent from 5 percent estimated earlier - The Union Government of India on 31 January 2014 announced that economy might have expanded by 4.5 percent in fiscal year 2012-13 when compared to the previous estimate of 5 percent in account of subdued performance in agriculture, mining and manufacturing. However, as per the estimates of National Income, Consumption Expenditure, Saving and Capital Formation, the Gross Domestic Product (GDP) growth in 2011-12 has been revised upwards to 6.7 percent from 6.2 percent. Growth in 2012-13 is the lowest of the decade with previous low of 4 percent that was recorded in 2002-03.

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