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Economy

India's GDP growth slips to 6.6% ahead of general elections

Economy lost momentum in Oct-Dec quarter, leaving concern for Modi government

The slowdown in India's economic growth is blamed on weaker consumption and liquidity constraints.   © Reuters

NEW DELHI -- India's economy grew at a slower pace of 6.6% annually in the October-December quarter, a development which may leave Prime Minister Narendra Modi's government concerned ahead of general elections due by May.

The official data on gross domestic product estimates released on Thursday showed that growth softened in the third quarter of the current financial year as compared to 7% registered in July-September and 8% in April-June. The October-December growth rate was the slowest in five quarters.

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