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
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 cent in the July-September quarter from a year earlier, as a slump in manufacturing took the bounce out of Asia's third-largest economy. Growth in the June quarter had spurted to a 21/2-year high of 5.7 per cent.
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