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India's Q1 GDP growth likely slowed to 6.9% as government spending lagged

By Economic Times - 2 months ago
India's economic growth for the April-June quarter likely slowed to 6.9%, down from 7.8% in the preceding quarter, due to decreased government spending during the national election, as per a Reuters poll. Despite the BJP retaining power, it lost its majority. Future growth is expected to stabilize around 7.0%. Official data will be released soon.

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