Year to the ground

In the three months from January to March, the monthly indices of industrial production at 0.9, 4.3 and -2.8 per cent had translated into a GDP growth rate of 5.3 per cent. The period from April to June has thrown up even worse figures, of -0.9, 2.5 and -1.8 per cent. The GDP growth rate for this quarter will then come out to be even lower, at close to 4.5 per cent.

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