Economy growth @ a Decade low !

The Indian economy grew at its slowest pace in a decade in 2012-13, posing a fresh challenge for the UPA coalition to revive growth and boost sentiments ahead of the general elections next year. Data released by the Central Statistical Organisation (CSO) showed that the economy grew by 5% in 2012-2013, compared to 6.2% in the previous year. It was in line with the advanced estimates released earlier.
The Indian economy, Asia’s third largest, grew by 4.8% in the January-March period, the fourth quarter of the 2012-2013 fiscal, marginally above the revised 4.7% expansion in the previous quarter, providing some hope of a tentative turnaround of the economy. But the overall economic scenario still remains a challenge and the latest GDP data released should come as a wake-up call for the UPA government.