HONG KONG (MarketWatch) — India’s gross domestic product grew 4.8% in the fiscal fourth quarter ended March 31 from the year-earlier period, according to official data released Friday. The rate, which matched economists’ estimates, was slightly ahead of the 4.7% growth recorded in the three months ended Dec. 31, but weaker than the 5.1% expansion in the year-earlier period. GDP growth in the full year ended March 31 came in at 5%, the weakest rate of expansion in a decade. Indian stocks held their losses after the data, with the 30-stock benchmark Sensex down 1.1% at 19,992.33. The Indian rupee also stayed weak, with the U.S. dollar changing hands for 56.55 rupees, compared with 56.38 rupees late in North American trade.
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India fiscal year GDP up 5%, weakest in a decade is a post from: The Forex Trading System Blog
