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Indian GDP grows at slowest pace in a decade

India’s economy grew at its slowest pace in almost a decade in the year’s first three months, further evidence of its growth story turning sour amid global uncertainty and its government’s failure to push through reforms.

Gross domestic product in the quarter grew 5.3 percent from a year earlier, its slowest quarterly pace since early 2003. The rise was below economists’ forecasts of 6.1 percent and much lower than above-8 percent levels India has registered in recent years.