India's GDP Growth Slows to 15-Month Low at 6.7%

Decline attributed to reduced government spending during elections, but outlook remains optimistic with expected recovery in coming quarters.

India's economic growth rate for April-June quarter fell to 6.7%, the lowest in 15 months.
Government spending cuts during recent national elections significantly impacted the GDP.
Despite the slowdown, India remains the fastest-growing major economy, outperforming China's 4.7% growth.
Agriculture sector growth was minimal at 2%, while manufacturing saw a 7% increase.
Economists predict a rebound in growth due to easing inflation and increased government expenditure.