India has slower economic growth over the last three years

India’s economy had the slowest growth over the last three years in the first quarter of 2012. The country’s GDP grew 5.3% compared with the number recorded in the same period last year, a rate much lower than expected.

In the previous quarter GDP growth was 6.1% Indian, and analysts expected at least the same number in the period between January and March 2012.

India is the third largest economy in Asia, but is facing problems like inflation and a weak currency.

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