India’s economy grew at its slowest pace in seven quarters, expanding just 5.4% year-on-year in the July-September quarter. Weaker manufacturing and private consumption drove the slowdown. The Reserve Bank of India faces calls to cut rates to stimulate demand, while Prime Minister Narendra Modi’s government is under pressure to address uneven growth and joblessness.
India’s GDP growth slows to 2-yr low of 5.4% in Q2, pressure on RBI to cut rates
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