India's Q3 GDP growth slows to 4.4%

From businesstoday.in

Indian economy slowed further to 4.4 per cent growth rate in the October-December quarter of the current fiscal on account of weak demand, showed government data on Tuesday. In the previous June-September quarter, the economy had grown at 6.1 per cent, down from 13.5 per cent in the April-June quarter. The economy had grown at 5.4 per cent in the same period last year. The numbers were in line with expectations as many economists had predicted moderation in the growth momentum due to weak demand amid aggressive rate hikes by the Reserve Bank of India. Since May 2022, the RBI has cumulatively increased the key lending ... (full story)