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India Economic Growth Slows More Than Expected

India's economic growth sharply slowed in the July to September quarter and the expansion was slower-than-expected, due to weaker farm output and private consumption.

Gross domestic product grew 7.1 percent year-on-year after an 8.2 percent expansion in the three months to June, figures from the Central Statistics Office showed Friday. Economists had forecast 7.5 percent growth.

The latest pace of growth was the weakest in three quarters.

Farm growth, on a value added basis, slowed to 3.8 percent from 5.3 percent. Mining and quarrying contracted 2.4 percent after a modest 0.1 percent gain.

Manufacturing growth nearly halved to 7.4 percent from 13.5 percent. Construction growth slowed to 7.8 percent from 8.7 percent. Financial services sector growth slowed to 6.3 percent from 6.5 percent.

Growth improved in the utility sector and the trade, hotel, transport, communication and broadcasting group.

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