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India’s Economy Growth Slows
India's economy expanded 5.3% in July-September compared with 5.7% in the previous quarter, according to government data.
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India's economy expanded 5.3% in July-September compared with 5.7% in the previous quarter, according to government data.
Growth was driven primarily by the service and agricultural sectors. Manufacturing, which contributed 15% to the country's gross domestic product, improved only 0.1%.
Still, growth was better than many economists expected. Economists are generally optimistic about India's longer-term growth, even though they don't expect the pace to return to the 8% annual average of the previous decade.
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