Deepening India Slowdown Sinks Hope for New Era of 8% Growth
- Worries mount that faster growth was post-pandemic demand blip
- Pressure rises on Modi government amid slow private investment
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For years, India’s booming economy fueled exuberance that the South Asian nation had entered a new era of faster growth, powering its markets to new heights and raising expectations it would exit the trenches of developing-nation status in a few decades.