NEW DELHI -- India's gross domestic product growth slumped to 5.7% in the April-June period, the lowest in 13 quarters mainly due to the lingering impact of last November's shock demonetization and as manufacturers trimmed back inventories ahead of the July 1 rollout of the country's new goods and services tax.
In the year-earlier quarter, the growth rate was 7.9%, while it was 6.1% in January-March. A Reuters poll of economists had predicted April-June GDP would grow 6.6%, as had Japanese brokerage Nomura.
