MUMBAI, India (AP) -- India has reported economic growth of 4.7 percent for the last fiscal year, falling short of the government's forecast and continuing a trend of sluggish expansion that helped sweep a new government to power this month.
The numbers released Friday also showed growth of 4.6 percent for the January-March quarter. The growth rate for the year that ended March 31 was the second year of sub-5 percent expansion for Asia's third-largest economy.
India's government had projected 2013-14 growth of 4.9 percent. The government estimates the economy needs to expand at least 8 percent annually to provide jobs for the millions of young people entering the workforce.
The pro-business Bharatiya Janata Party won elections this month, installing Narendra Modi as prime minister.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.