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| India's economy grows slower than expected | India's economy grows slower than expected |
| (35 minutes later) | |
| India's economic growth rate slowed down in the most recent quarter, according to official figures. | India's economic growth rate slowed down in the most recent quarter, according to official figures. |
| The economy expanded at an annual rate of 4.7% in the three months to December, down from 4.8% in the previous quarter. | The economy expanded at an annual rate of 4.7% in the three months to December, down from 4.8% in the previous quarter. |
| The figure was lower than analysts had been expecting. | The figure was lower than analysts had been expecting. |
| Asia's third-largest economy has been weighed down by various factors, such as high inflation, a weak currency and a drop in foreign investment. | Asia's third-largest economy has been weighed down by various factors, such as high inflation, a weak currency and a drop in foreign investment. |
| For the same period in 2012, annual GDP growth was 4.5%. | |
| This is the fifth quarter in a row that India's annual growth rate has been below the 5% mark. | This is the fifth quarter in a row that India's annual growth rate has been below the 5% mark. |
| Manufacturing was hardest hit - falling by 1.9% compared with the previous year. The industry is considered one of the country's biggest job creators. | |
| However, hotels, transport utilities and agriculture all showed substantial growth. | |
| Two years ago, India's growth rate stood at about 8%. Economists say the country needs to grow by that much in order to generate enough jobs for the 13 million people entering the workforce each year. | |
| More than half of the country's 1.2 billion people are under 25. Chand Pandey is one of them. He lost his job at a car parts firm recently and is struggling to find another one. | |
| "Whichever company I go to, they say there's a slowdown and there's less production," he said. "So they're not hiring any workers right now. It's been two or three months that I've been looking for a job, but I get the same answer everywhere." |