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International Business Times
International Business Times
Business
AFP News

India Growth Slows To 6.7% On Lower Consumer Spending

Businesses in India have blamed protracted summer heatwaves for hampering consumption (Credit: AFP)

India's economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world's fifth-largest economy.

Friday's reading still places the world's most populous country among the fastest-growing major economies globally.

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