Growth in Q3 has slowed to sub-5%

The Indian economy is likely to have slowed to just below 5 per cent growth in the third quarter of the fiscal, even though the Economic Survey expressed hope of a revival in growth to 6.1 and 6.7 per cent in 2013-14. "The picture is not very different from the advance estimates. Industrial production figures for December is the only new data set used from the third quarter GDP estimate that was not available for the advance estimates," a senior official said.

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