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India's growth down sharply to 7.1% in Q1 from 7.9% in Q4 FY2015-16

Thu, Sep 01, 2016 - 5:50 AM

India's GDP figures have puzzled many economists, who find them hard to square with other indicators such as industrial output or bank lending which show more sluggish activity on the ground.

PHOTO: BLOOMBERG

New Delhi

INDIA'S economic growth slowed sharply in the first quarter of the 2016-17 financial year, official data showed on Wednesday, missing expectations but raising hopes of an interest-rate cut.

Gross domestic product (GDP) expanded 7.1 per cent year on year in the three...

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