Economics
India’s Deepening Slowdown Faces Fresh Risks from Virus
- Economists see disruptions in China hurting production
- GDP decelerated last quarter as investments slackened
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India’s economy slowed to a more than six-year low in the final three months of last year, and it now faces a fresh threat from the coronavirus outbreak.
Data on Friday showed growth decelerated to 4.7% in the three months through December from a year ago, the third straight quarter of decline and matching the median forecast in a Bloomberg survey of economists. That was before the virus began spreading early this year, disrupting global supply chains as China shut factories and restricted the movement of people to contain the epidemic.