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Source:FangchenggangNewsNetwork    Updated:2020-02-21 21:29:18



  文章来源:未知 文章作者:enread 发布时间:2012-05-31 07:43 字体: [大 中 小]  进入论坛


  The Indian economy grew at the slowest rate since 2003 in the first three months of 2012, due to a widening trade gap and poor investment.


  India's gross domestic product (GDP) grew by 5.3% in the quarter compared with a year earlier, data showed.

  That is down from 6.1% in the previous quarter. were expecting the same figure for January to March.

  India is the third-largest economy in Asia but has been struggling with inflation and currency weakness.

  'Shocking numbers'

  Since July last year, the Indian rupee has seen one of the biggest declines among Asian currencies, dropping more than 27% against the US dollar.

  "Shocking numbers as growth was even lower than lows witnessed during the financial crisis," said Anubhuti Sahay from Standard Chartered Bank in Mumbai.

  The BBC's Yogita Limaye in Mumbai said that just a year ago India was for double-digit growth.

  But a global slowdown has reduced external demand, and high inflation coupled with a weak rupee has made things more expensive within the country.

  ' government'

  Domestic demand, which India's economy is largely reliant(依赖的) on, has also slowed in part due to the political (剧变,隆起) in the country.

  India's economy is suffering from "policy incoherence(不连贯) , shifting global risk appetite and a comatose government", said Rajeev Malik, senior at brokerage CLSA.

  India's Prime Minister Manmohan Singh admitted early this month that his government must do more to get the once fast-growing economy moving again.

  The Congress-led government is caught up in a of scandals.

  Key policy reforms, including allowing foreign investment in India's , have been delayed in parliament for more than a year.


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