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India May Have Entered ‘Quasi-Recession’ as Growth Plummets

  • Output expanded 5% in April-June, slowest pace in six years
  • With fiscal room limited, economists predict steeper rate cuts
Commuters exit Masjid Bunder train station in Mumbai.

Commuters exit Masjid Bunder train station in Mumbai.

Photographer: Dhiraj Singh/Bloomberg
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India’s longest growth slump since 2012 is heightening concern that it may be tough for policy makers to reverse the slowdown.