Nine-year low in Indian growth

India’s economic growth slumped to its lowest level in nine years in the first three months of 2012, data showed yesterday, marking a dramatic slide in the fortunes of a country whose economy was boasting nearly double-digit growth before the global recession. GDP grew 5.3 per cent in the last quarter from a year earlier, a sharp slowdown from 9.2 per cent growth in the last quarter of the previous year, government data showed.