Thu May 31, 2012
India's Economic Slide Called 'Extremely Concerning'
Originally published on Thu May 31, 2012 6:11 am
Economists had predicted the growth of Asia's third-largest economy would continue to slow this year. But the latest data suggests the Indian economy is in worse shape than many analysts thought. The country's growth in the first quarter of this year was only 5.3 percent, compared to 9.2 percent last year.