The economy of India grew 6.6% in the fourth quarter

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In the fourth quarter of 2018, the growth of the Indian economy slowed to 6.6% relative to the same quarter last year from 7.1% in the third quarter, official data showed. Economists also expected a slowdown in economic growth, but only to 6.7%. In the industry, a rise of 6.7% was recorded, in the financial sector - by 7.3%. Construction companies increased the mark by 9.6%, while output in the mining sector increased by 1.3%. Agricultural production grew by 2.7%. Export growth was at the level of 14.6%, imports - at the level of 14.7%. Government spending rose by 6.5%, while consumer spending showed an increase of 8.4%. Indian companies increased capital spending by 10.6%.

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