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India’s economy grew at its weakest pace in more than two years in the quarter that ended in September, revealing the heavy toll that rising interest rates and the stumbling world economy are having on Asia’s third-biggest economy.
Economic growth slumped to 6.9 per cent in the second quarter, data showed on Wednesday, nearing the slump in the three months to June 2009 when the economy grew just six per cent.
The second-quarter growth was sharply below the the 7.7 per cent expansion logged from April to June, and 8.4 per cent growth posted a year ago.
"— http://www.aljazeera.com/news/asia/2011/11/20111130133912895777.html
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