Business Standard

China cuts reserve ratio

A worker fastens iron rods together at the construction site of a bridge on Srinagar-Jammu national highway in the outskirts of Jammu.

Confirming a slowdown, India's economic growth rate slipped to 6.9% in the second quarter this fiscal, the lowest in nine quarters, prompting the government to lower its full-year growth projection to 7.3%.

Economic growth during the July-September period of FY12 fell mainly due to poor manufacturing performance and declining output of the mining industry. Agriculture growth, too, showed moderation during the period.

Pictures by Reuters

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