Slowdown deepens as Q1 GDP growth falls to 5%2 min read . Updated: 30 Aug 2019, 11:12 PM IST
- This is the slowest pace in more than six years and creates ample room for RBI to respond with deeper interest rate cuts
- The only sector that has registered a robust pickup is electricity, growing at 8.6% in June quarter from 4.3% in March quarter
New Delhi: India’s economy reported its weakest growth in more than six years at 5% in the June quarter and slowed for the sixth straight quarter, prompting the government to unleash a spate of stimulus measures to spur economic activity.
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