India’s economic growth weakens to almost two-year low

India’s economy grew at its slowest pace in almost two years, dampening the outlook for the full year and putting pressure on the central bank to cut interest rates. 

Gross domestic product grew 5.4% in the three months to September from a year earlier, the Statistics Ministry said in a statement on Friday. That’s the worst reading since the fourth quarter of 2022 and lower than the central bank’s projection of 7% for the period.