You are here

India's Q2 economic growth slows to 5.3%

Economist says the onus is on New Delhi to boost growth by reviving the investment climate and get reforms moving

GOOD HARVEST: Thanks to growth in services and stronger-than-expected farming after a bad monsoon, the GDP reading was higher than economists' prediction.

New Delhi

DATA released on Friday that showed a slowdown in India's economy will put the central bank under renewed pressure to cut interest rates, while Prime Minister Narendra Modi takes his time over reforms needed for a revival.

India's gross domestic product expanded 5.3 per

Market voices on:


Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at

Powered by GET.comGetCom