BENGALURU: Indian economic growth slowed slightly to 7.1% in the April-June quarter, according to a Reuters poll of economists, on more subdued private investment, though supported by consumer spending and government expenditure.
Last year's Goods and Services Tax rate cut and income tax reductions likely continued to support household disposable income and demand, helping cushion the impact of rising inflation. But economists expect the recent pickup in private investment to be temporary.
