India’s world-beating economic growth is getting a reality check. Output rose 5.4% during the three months to the end of September, its slowest pace in nearly two years, belying hopes that a good monsoon would boost spending.

India's economic growth slowed much more than expected in the third quarter, hampered by weaker expansions in manufacturing and consumption, likely adding pressure on the central bank

The world’s fifth-largest economy grew 5.4% from a year earlier in the third quarter, the slowest pace of growth since the fourth quarter of 2022 and potentially clearing the path for rate cuts.

India's economy slowed much more than expected in July-September, hampered by weaker expansions in manufacturing and consumption, which will add pressure on the central bank to cut interest rates. Gross domestic output in the world's fifth biggest economy rose by 5.

India's economy slowed much more than expected in July-September, expanding by only 5.4% year-on-year as growth in manufacturing and consumption decelerated, data showed on Friday. It was the slowest growth in gross domestic product in seven quarters and well below a 6.

September, hampered by weaker expansions in manufacturing and consumption, which will add pressure on the central bank to cut interest rates. Gross domestic output in the world's fifth biggest economy rose by 5.