Indian growth declines to weakest in a decade.

The expansion in Indian GDP declined to its slowest in a decade in FY 2012 (ending in March 2013), coming in at 5%, while the growth in FQ4 was even lower at 4.8%. Still that did meet consensus and was above the 4.7% in FQ3. The services sector grew strongly in FQ4, while manufacturing and farming also expanded, although mining declined an annual 3.1%. India's Sensex dropped 2.3% while the Indian rupee was -0.3% vs the dollar at the time of writing.