India’s economy expanded 4.7% in 2013-14, the second successive year of Sub-5% growth hurt by policy delays, high inflation and global slowdown but the election of a new government has triggered hopes of revival in growth and sentiment in coming months.
Data released by the Central Statistics Office (CSO) showed the economy grew 4.7% in 2013-14, a shade below the original estimate of 4.9% but slightly above the 4.5% growth in 2012-13.
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