India Just Lost Its Title as World's Fastest-Growing Big Economy - The Wall Street Journal

India Just Lost Its Title as World's Fastest-Growing Big Economy  The Wall Street Journal

NEW DELHI—India’s gross-domestic-product expansion dipped below 6% last quarter, forcing the country to surrender its title as the world’s fastest-growing large economy as citizens and companies held back on spending. The GDP of Asia’s third-largest economy climbed 5.8% in the three months through March, putting it behind China’s 6.4% growth for the same period. India still grew more than China for the full calendar year last year and is expected to outpace China eventually this year as well. For the full fiscal year that ended March 31, India’s economy expanded 6.8%, its slowest since the...

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