AT 4.7%, GDP fails to meet expectations.

The economy grew at a slower – than expected rate of 4.7% in the Oct – Dec quarter due to a poor show by the mining and manufacturing sectors, compounding the government problems and giving the opposition ammunition to target it with. Economists say given the trend so far in the three quarters, meeting the 4.79% growth predicted for the full yr may be difficult. The figures, released by the Central Statistics Office on Friday, February 28, 2014 saw India inc reiterating calls for a cut in the rates and need quick steps for boost growth. +++++++++++++++