India’s economy suffers a sharp slowdown

New Delhi (CNN Business)India’s economy has downshifted from warp speed.

Gross domestic product expanded 7.1% in the quarter ended September, according to official data. That’s a big step down from 8.2% growth in the previous quarter.
The slowdown was sharper than analysts had expected. But the reduced rate still places India ahead of China — which grew at 6.5% over the same period — as the world’s fastest-growing major economy.

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