Q3 GDP slows to 4.5%

Economy hurt by a slowdown in agriculture, mining and manufacturing

The economy grew at a worse-than-expected 4.5% in the quarter ending December 31, hurt by a slowdown in agriculture, mining and manufacturing, government data showed on Thursday.

Analysts polled by Reuters had forecast growth of 5%. The country's economy grew at a lower-than-expected 5.3% in the quarter ending in September.

The Indian economy has lost momentum in recent years. Preliminary estimates earlier this month showed the economy is on track to grow just 5% in the current fiscal to March.

The manufacturing sector grew an annual 2.5% during the quarter while farm output rose just 1.1%, the data showed. Mining fell by 1.4%.