Economics
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.
Photographer: Dhiraj Singh/BloombergThis article is for subscribers only.
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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.