India cuts economic growth forecast to 5%
India's economy is set to grow at its weakest pace for a decade according to newly released government figures.
The latest growth estimates for the current financial year is just 5% - yet another cut as India struggles with high inflation and weak investor sentiment.
India's growth has slowed in recent months because of several factors, not least the sharp slowdown in its manufacturing and services sectors.
Shilpa Kannan reports.
07 Feb 2013
- From the section Business