Economics
India’s Economic Growth Slowdown Deepens as Consumers Buckle
- GDP expansion slowed to 5% in April-June, weakest in six years
- Government sticks to 7% growth target for FY20, adviser says
This article is for subscribers only.
Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
India’s waning consumption and a deteriorating global environment deepened a slowdown in Asia’s third-largest economy, nudging its government into action to supplement the central bank’s monetary stimulus.