Friday, June 8, 2012

India's Economy Rate Reaches the Lowest Point in the Last Nine Years

The Indian economy has reached its lowest point in nine years.

The pace of India's economy in the fourth quarter of the 2011-2012 budget fell 5.3 percent and this is the lowest in the last nine years.

As reported by IRNA, the decline in the pace of the Indian economy occurred during October-December and the pace of New Delhi's economy reached 6.1 percent.

The latest release of statistics on the pace of the Indian economy raises fears of many parties. Economic observers say, even though the 5.4 percent figure could be for most developing countries, it can be versatile, but the pace of India's economy for three consecutive months until March 2012 is still slow.

The rate of growth of gross products in the financial year until March 2012 reached the lowest point of 6.5 percent over the past three years, but the statistical data is currently an economic recession for India.

Meanwhile, Bank of India previously predicted the economic rate of 6.9 percent.

IRIB / The Truth Seeker Media

Related article: