At 5%, GDP growth slumps to over 6-year low in Apr-June

The country's GDP growth slowed to an over six-year low of 5% in the April-June quarter, dragged down by manufacturing sector expansion of just 0.6%, sluggish financial services, farm and construction sectors and a slowdown in consumption. “The slowdown in growth is due to endogenous and exogenous factors,” said chief economic adviser Krishnamurthy Subramanian.

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