The government today said the economy may have expanded by 4.5 per cent
in 2012-13, compared with the earlier estimate of 5 per cent, on account
of subdued performance in agriculture, mining and manufacturing.
However, gross domestic product (GDP) growth in 2011-12 has been revised upwards to 6.7 per cent from 6.2 per cent, according to the estimates of National Income, Consumption Expenditure, Saving and Capital Formation.
Growth in 2012-13 is the lowest in a decade, with the previous low of 4 per cent recorded in 2002-03.
However, gross domestic product (GDP) growth in 2011-12 has been revised upwards to 6.7 per cent from 6.2 per cent, according to the estimates of National Income, Consumption Expenditure, Saving and Capital Formation.
Growth in 2012-13 is the lowest in a decade, with the previous low of 4 per cent recorded in 2002-03.
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