NEW DELHI -- India's economic growth softened to 7.1% for the three months ended in September, a slowdown from the previous quarter and a result that could spell trouble for Prime Minister Narendra Modi ahead of upcoming elections.
Blame was placed on factors such as the rupee's sharp depreciation and a liquidity crisis in the so-called shadow banking sector, which had been playing a big role in India's growth story but is now saddled with souring assets.
