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Economy

India GDP growth a weak 4.7% in December quarter

Economy under Modi faces downside risks including coronavirus outbreak

Laborers build a new railway track on the outskirts of Ahmedabad, India, Feb. 1.    © Reuters

NEW DELHI -- India's economic growth remained virtually flat at 4.7% in the quarter ended December, official data showed on Friday, indicating that a recovery will take longer, especially when the coronavirus epidemic that began in China has clouded the global outlook.

In the previous three months ended last September, preliminary growth slipped to a 26-quarter low of 4.5% on the year, down from 5% in the April-June period. This was blamed on sluggish investment and weak consumer demand.

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