Indian economy grows 7.1 percent year-on-year in September quarter: government

FAN Editor 6 years ago
Workers operate metal cutting machines inside a workshop at an industrial area in Mumbai
Workers operate metal cutting machines inside a workshop at an industrial area in Mumbai, India, November 30, 2018. REUTERS/Francis Mascarenhas

November 30, 2018

NEW DELHI (Reuters) – India’s economy grew a lower-than-expected 7.1 percent in the July-September quarter from a more than two-year high of 8.2 percent in the previous quarter, government data showed on Friday.

The latest quarter’s annual pace of growth was lower than a Reuters poll forecast of 7.4 percent.

India’s $2.6 trillion economy, Asia’s third largest, grew 6.3 percent in the July-September quarter of 2017, the data released by the statistics ministry showed.

(Reporting by Manoj Kumar; Editing by Malini Menon)

Free America Network Articles

Leave a Reply

Next Post

Marriott data breach may expose 500 million guests

Fri Nov 30 , 2018
Marriott said data for about 500 million guests who made reservations at its Starwood properties may have had their data exposed in a breach of its reservation database.  The company said in a statement that it discovered “unauthorized access” to the database, which extended back until 2014. The hacker had […]

You May Like