Economics

Slowest India Growth Since 2009 Pressures Singh to Support Rupee

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India’s slowest economic expansion since 2009 adds pressure on Prime Minister Manmohan Singh to stem a slide in the rupee that forced the central bank to raise interest rates.

Gross domestic product rose 4.4 percent in the three months through June from a year earlier, compared with 4.8 percent in the prior quarter, the Statistics Ministry said in New Delhi yesterday. The median of 44 estimates in a Bloomberg News survey was for a 4.7 percent gain.