Indian FQ2 GDP slows to a three-year low of +5.3% Y/Y vs +5.5% in Q2 and consensus of +5.2%. The...

|By:, SA News Editor
Indian FQ2 GDP slows to a three-year low of +5.3% Y/Y vs +5.5% in Q2 and consensus of +5.2%. The fall in growth comes as the government battles to implement reforms that it sees as vital to reviving the economy. These include allowing foreign companies to control supermarkets, and easing limits on non-Indian investments in the insurance, pensions and aviation sectors.