According to the first revised estimate of national income for 2012-13 released by the Central Statistics Office (CSO), India's gross domestic product (GDP) expanded by 4.5 percent.

This is the slowest pace of economic expansion in a decade.

The country's GDP had expanded by 6.7 percent in 2011-12. In its estimate released in May last year, the CSO has pegged the GDP growth for the financial year 2012-13 at 5 percent.  

GDP at factor cost at constant (2004-05) prices in 2012-13 is estimated at Rs 54.8 lakh crore as against Rs 52.5 lakh crore in 2011-12 registering a growth of 4.5 percent during the year as against a growth of 6.7 percent in the year 2011-12, CSO said in a statement.

"At current prices, GDP in 2012-13 is estimated at Rs 93.9 lakh crore as against Rs 83.9 lakh crore in 2011-12, showing an increase of 11.9 percent during the year, as against an increase of 15.8 percent in the previous year," it said.


Latest News from Business News Desk