| | NEWS FLASH
| India's gross domestic product for GDP growth is expected to be lower than 7% at 6.9 per cent, according to advance estimates for the year ending March 2012. This is the slowest growth after 2008-09 when India registered a growth rate of 6.7 per cent.
"There may be slow growth in the sectors of 'agriculture, forestry and fishing' (2.5%), manufacturing (3.9%) and construction (4.8%). The growth in the mining and quarrying sector is estimated to be negative(-2.2%),' the government release said.
These estimates confirm a slowdown in growth in the second half of the financial year 2011-12. Growth in the first half of the fiscal deficit slowed to 7.3 per cent. Analysts expected the government to announce a growth range of 7 to 7.5 per cent for the full year
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