Why India's GDP is Down
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Currency fluctuations and a slowdown in GDP growth were the key reasons behind the fall in global GDP rankings......
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NEW DELHI: India's economy grew at its slowest pace in over six years in the June quarter following a sharp deceleration in consumer demand and tepid investment. ... The slowdown in investment and consumer demand derailed manufacturing, which grew just 0.6%. A meagre 2% rise in farm sector added to the demand slowdown.
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