<div>India revised down its economic growth for the fiscal year 2012/13 to 4.5 per cent from 5.0 per cent earlier, the government data showed on 31 January' 2014, on lower than provisionally estimated output in farm and manufacturing sectors.</div><div> </div><div>The latest numbers are the first revised gross domestic product (GDP) estimates for the last fiscal year.</div><div> </div><div>The data also showed lower than estimated growth numbers for exports, capital investment and consumption sectors, suggesting deeper underlying weaknesses in Asia's third-largest economy, which grew at more than 9 per cent before the 2008 global financial crisis.</div><div> </div><div>The GDP growth for 2011/12 fiscal year was, however, upwardly revised to 6.7 per cent from 6.2 per cent, but that of the 2010/11 year was revised down to 8.9 per cent from 9.3 per cent, the data from the Ministry of Statistics showed.</div><div> </div><div>The government and the central bank have often blamed sharp data revisions for creating problems for policy formulations.<br /><br />(Reuters)</div><div> </div>
