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India This fall GDP Dwell Updates: India’s GDP development fell to 4.1% within the fourth quarter of the final fiscal 12 months, its slowest tempo in a 12 months. The financial development, nevertheless, beat the forecast. For the total fiscal 12 months 2022, the Nationwide Statistical Workplace (NSO) mentioned it has lower financial development estimate to eight.7%, decrease than earlier expectations of 8.9%, NSO mentioned in a press release Tuesday. January to March quarter GDP readings confirmed that financial development was barely larger than economists expectations of 4% development, in accordance with a Reuters ballot of economists. As compared, Asia’s third largest economic system grew at 20.3%, 8.5% and 5.4% respectively within the first three quarters of the fiscal 12 months 2022.
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