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India growth rate slows to 5.3pc in 1Q12

The Indian economy grew at the slowest rate since 2003 in the first three months of 2012, due to a widening trade gap and poor investment.

India’s gross domestic product (GDP) rose 5.3 percent in the first three months of 2012, down from 7.8 percent in the same period last year, official figures show.

(Source: BBC News)