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India’s gross domestic product (GDP) growth rate continued to decline for the third consecutive quarter and stood at 4.5% in third quarter 2012. Correspondingly, the construction segment, and the financing, insurance, real estate and business services segment saw a lower growth rate of 5.8% and 7.9%, respectively, compared to the previous year. However, there are signs of improvement in the overall economy, with the manufacturing sector witnessing a growth rate of 2.7% in January 2013, compared to 0.7% in December 2012.
Source : Cushman & Wakefield
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