Reuters reports — India's economic growth slumped to its lowest level in nine years in the first three months of 2012, marking a dramatic slide in the fortunes of a country whose economy was boasting nearly double-digit growth before the global recession.
The data, which showed that the economy grew 5.3 percent from a year earlier, was released as the rupee plunged to yet another record low and protesters took to the streets across India to demand the scrapping of a steep petrol price hike announced last week. Read the full story.