Farther from double digit

The economy has been losing steam throughout the previous financial year and the small acceleration over 2009-10 — 8% to 8.5% — was helped along by farm output recovering after a drought year. The slowdown in industry and services, brought home with telling effect in the data for January-April 2011, is resulting from sustained high inflation that emerged in food prices and then fanned out across the economy. 

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