August 30, 2013 / 12:18 PM / 4 years ago

June quarter GDP growth at 4.4 percent - govt

NEW DELHI (Reuters) - India’s economy grew at the slowest quarterly rate since the global financial crisis in the three months through June, lower than expected and hurt by a contraction in mining and manufacturing, government data showed on Friday.

Laboueres move handcarts loaded with goods under a flyover at a market in Mumbai August 30, 2013. REUTERS/Danish Siddiqui

Analysts polled by Reuters had forecast growth of 4.7 percent. June’s figure of 4.4 percent was the slowest growth since the Jan-March quarter of 2009.

The economy has been steadily losing momentum in recent years. Economic growth virtually halved in two years to 5 percent in the fiscal year that ended in March -- the lowest level in a decade -- and most economists surveyed by Reuters in the past week expect 2013/14 to be worse.

Manufacturing fell an annual 1.2 percent during the quarter while mining fell by 2.8 percent, the data showed. while farm output rose 2.7 percent.

Reporting by Rajesh Kumar Singh

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