Business

India’s growth falls short at 4.7 percent

By Kay Johnson
Published May 30, 2014 4:27pm ET
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India’s growth falls short at 4.7 percent
Fish sellers cut fish for customers at a market in Gauhati, India, Friday, May 30, 2014. India on Friday reported economic growth of 4.7 percent for the last fiscal year, falling short of the government's forecast and continuing a trend of sluggish expansion that helped sweep a new government to power this month. (AP Photo/Anupam Nath) | Anupam Nath

MUMBAI, India (AP) — India on Friday reported economic growth of 4.7 percent for the last fiscal year, falling short of the government’s forecast and continuing a trend of sluggish expansion that helped sweep a new government to power this month.

The numbers also showed growth of 4.6 percent for the January-March quarter. The growth rate for the year that ended March 31 was the second year of sub-5 percent expansion for Asia’s third-largest economy.

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