India's economic growth slows

India's economy grew 5.3% in the quarter ended Dec. 31, the slowest rate in almost six years, in a sign that the nation has been hit hard by the global slowdown even though it is not as reliant on exports as many others in Asia. The growth rate compares with gross domestic product growth of 8.9% in the same period the year before and growth of 7.6% in the previous quarter