India Growth Slows More Than Expected In June Quarter

(RTTNews) - The Indian economy maintained its robust growth in the three months to June, though the pace of expansion eased more-than-expected, preliminary figures from the Central Statistics Office showed Monday.

Gross domestic product rose 7.1 percent year-on-year. Economists had expected the growth rate to eased 7.4 percent from 7.5 percent registered in the first three months of the year.

Manufacturing grew 7.2 percent, mining and quarrying production rose 4 percent and farm output increased 1.9 percent.

Private consumption rose 11.4 percent and investments grew 29.8 percent.