You are here

India grows slower than estimated, increasing pressure on Modi

Still, country will be less impacted than others by developments in China

India's outlook is relatively good. Asia's third biggest economy will expand 7.5 per cent in the current year, compared with China's 6.8 per cent, the International Monetary Fund forecast in July.

New Delhi

INDIA'S GDP grew slower than estimated, boosting pressure on Prime Minister Narendra Modi to make more progress in overhauling Asia's third-largest economy.

Gross domestic product rose 7 per cent April-June from a year earlier, after a 7.5 per cent expansion the previous...

Market voices on: