Low rate of economic growth in India
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Low rate of economic growth in India

Mumbai : India | Nov 30, 2011 at 7:42 AM PST
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New figures suggest that India's economy has been growing at its slowest pace in two years.

Between July and September, the rate of economic growth in India fell to 6.9%. The mining and manufacturing industries are among the worst performers.

Interest rates in India have risen 13 times since early last year to try to curb inflation.

Analysts said these increases have affected the industrial growth in the third largest economy in Asia.

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Economists say the slowing of India's growth rate will undermine efforts to tackle the country's endemic poverty
Economists say the slowing of India's growth rate will undermine efforts to tackle the country's endemic poverty
kingston23 is based in Karāchi, Sind, Pakistan, and is a Reporter on Allvoices.
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