Tuesday, September 4, 2012

GDP growth in June 12 quarter

                                                                                Data Source: The Economist

After slowing down to 5.3% in the March 2012 quarter, India's GDP growth showed no signs of picking up in the June 2012 quarter as well. Growth during the quarter came in at around 5.5%. However, as above chart shows, when compared to its peers, India fared much better as it was ahead of countries such as Russia, Japan and the US.  Although it lagged behind China, the latter also displayed signs of a slowdown as growth came in lower than 8%. Japan saw some growth led by reconstruction activity post the earthquake and the tsunami that hit the nation last year. Not surprisingly, the Eurozone witnessed a dip in growth as debt problems continued to mar the countries in the region.       

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