India's Q2 growth likely to drop to 5.1%: Report

Indian economy

The Karvy report further said that GDP estimate for FY13 is 5.3 per cent which is on back of further weakness in the Services sector.

"Services sector is estimated to grow by 6.4 per cent as compared to 8.9 per cent growth in FY12. Due to sluggish demand for exports, trade sector is expected to weigh heavily on performance in Services sector," the report said.

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