India growth slows to 6.7% on lower consumer spending

India growth slows to 6.7% on lower consumer spending …C0NTINUE READING HERE >>>

Businesses in India have blamed protracted summer heatwaves for hampering consumption.
Photo: Arun SANKAR / AFP/File
Source: AFP

India’s economic growth slowed to 6.7 percent on-year in the April-June quarter, official data showed Friday, as lower government outlays and lacklustre consumer spending weighed on the world’s fifth-largest economy.

Friday’s reading still places the world’s most populous country among the fastest-growing major economies globally.

But the figure is unwelcome…

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