India’s GDP growth slips to 7.8 percent, but still leads major nations

AgenciesIndia’s economic growth slowed in the October-December quarter as government spending and private investment eased, but the South Asian nation remained the world’s...

Agencies

India’s economic growth slowed in the October-December quarter as government spending and private investment eased, but the South Asian nation remained the world’s fastest growing major economy, helped by strong consumption.

The economy grew 7.8 percent in October-December from a year earlier under a new data series, slowing from 8.4 percent expansion in the previous quarter.