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Aug 30, 2024 - 22:41
By asia.nikkei.com

India's economic growth slows to 6.7% in April-June

NEW DELHI -- India said on Friday that its economy grew 6.7% on an annual basis in the April-June period, down from 7.8% in the previous three months and marking the slowest pace of expansion in five quarters amid lower government spending before recent general elections.

The official data released on Friday was down from a Reuters poll of 52 economists, which pegged gross domestic product growth in the first quarter of the financial year at 6.9%.