India's anemic growth slows to 4.7 percent in October-December quarter
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India's growth decelerated slightly to 4.7 percent in the December quarter last year, showing a return to robust economy of a few years ago remains far from reach.
It was the fifth quarter in a row that year-on-year GDP growth was below 5 percent. It was down from 4.8 percent for the previous quarter ending in September 2013.
India's government has struggled to bring back the 8 percent growth rate the country averaged for a decade. That level is needed to provide jobs for the 13 million people entering the workforce each year.
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Poor infrastructure, tangled bureaucracy and delays in economic reforms have slowed investment, while high inflation and weak consumer spending have also hurt the economy.