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India GDP growth may be slowest in over 2 years

India’s economy likely grew at its slowest pace in more than two years during the final months of 2011 as high interest rates and booming input costs hampered manufacturing activity, a Reuters poll predicted.  

Gross domestic product in Asia’s third largest economy grew at an annual 6.4 percent rate in the quarter to end-December, according to the poll of 26 economists. Forecasts ranged from 6.0 to 7.3 percent with a majority of them lying below the consensus.  

That would be a significant slowdown from 6.9 percent in the previous quarter and would mark the fourth straight quarter of growth below 8 percent. Only two economists expect growth above the previous reading. 

(Source: CNBC)