India's economy grew by 4.4 per cent in the first financial quarter, the weakest performance since 2009, data shows, marking another blow as the government struggle to steady a sliding currency
Analysts blamed slumping investment, stubbornly high inflation and muted export demand from developed nations for the grim performance, which undershot market expectations that the economy would grow around 4.7 per cent
India has been battling to restore investor confidence and boost the level of the rupee which has hit a string of lifetime lows against the dollar
Analysts blamed slumping investment, stubbornly high inflation and muted export demand from developed nations for the grim performance, which undershot market expectations that the economy would grow around 4.7 per cent
India has been battling to restore investor confidence and boost the level of the rupee which has hit a string of lifetime lows against the dollar
No comments:
Post a Comment