India's Q2 economic growth slows to 5.3%

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.