India’s Economic Growth Lower Than Expected
India’s statistics ministry has revised its forecast of India’s 2013 GDP growth to 4.5 percent. This means that the economy grew 0.5 percent less than expected. The annual growth number is revised three times over the period of three years as more detailed data from across the economy are slowly received. The statistics ministry did not present the reason for the downgrade of its growth estimate for fiscal 2013, which was the country’s weakest in 10 years.
This Replay shows the yearly development of India’s GDP growth and GDP per capita (in USD) in comparison to China, Brazil and the US from 2004 to 2012. The Interesting Moments function displays the effect of the financial crisis on the GDP of the US.
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