The Indian economy grew at 5 per centyear-on-year in 2012-2013, its lowest growth rate in a decade, government data showed Friday. The figure was lower than the 5.3 per cent gross domestic product GDP growth posted the previous year according to figures released by the Central Statistical Office. India's financial year runs from April to March. The low GDP figure was on par with predictions and attributed by analysts to poor performance across manufacturing, mining, banking sectors and a poor global economic outlook. The stock markets fell by over 1 per cent in morning trade over the previous close while the rupee hit an 11-month low against the dollar trading at around 56.47 against a dollar.
