NEW DELHI -- India's economic growth slowed to 6.3% year-on-year in the July-September quarter after a double-digit jump in the previous three months, as elevated inflation and global pressures stemming from Russia's war in Ukraine took a toll.
July-September figure slips into single digits as outlook darkens
A market in Mumbai. India's inflation rate has remained above the target range of 2% to 6% for three consecutive quarters. © Reuters
NEW DELHI -- India's economic growth slowed to 6.3% year-on-year in the July-September quarter after a double-digit jump in the previous three months, as elevated inflation and global pressures stemming from Russia's war in Ukraine took a toll.