The government on Friday cut its estimate of annual growth for the fiscal year to 4.9 per cent from 5 per cent because of a contraction in the manufacturing and mining sectors.
The revision down will do little to help the Congress party-led ruling alliance, which faces an uphill battle in a general election due by May amid allegations of economic mismanagement, corruption scams and high inflation.
Last week, the Statistics Ministry revised down economic growth for the previous fiscal year to 4.5 per cent - the slowest pace during the decade Manmohan Singh has been prime minister - from an earlier estimate of 5 per cent.
Farm output is expected to grow 4.6 per cent in the fiscal year to March 31, against 1.4 per cent growth a year ago, while the manufacturing sector is seen contracting by 0.2 per cent compared with 1.1 per cent growth in 2012/13, the Statistics Ministry said in a statement.
The revision down will do little to help the Congress party-led ruling alliance, which faces an uphill battle in a general election due by May amid allegations of economic mismanagement, corruption scams and high inflation.
Last week, the Statistics Ministry revised down economic growth for the previous fiscal year to 4.5 per cent - the slowest pace during the decade Manmohan Singh has been prime minister - from an earlier estimate of 5 per cent.
Farm output is expected to grow 4.6 per cent in the fiscal year to March 31, against 1.4 per cent growth a year ago, while the manufacturing sector is seen contracting by 0.2 per cent compared with 1.1 per cent growth in 2012/13, the Statistics Ministry said in a statement.