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India GDP outpaces China despite slowdown to 4.4% last quarter

South Asian nation growing at 7% annual clip versus rival's 3%

A construction site of a metro rail project in New Delhi: The Indian economy has run into headwinds but remains a strong performer.   © Reuters

NEW DELHI -- India's economic growth rate slowed to 4.4% in the third quarter of the current fiscal year, official figures showed on Tuesday, although the country is zipping ahead of regional rival China.

India's gross domestic product growth for the October-December period matched the Reserve Bank of India's 4.4% year-on-year estimate. Before the data release, 42 economists polled by Reuters had given a median forecast of 4.6%.

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