Overview

• 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.