Slow GDP growth to delay recovery to December: India Inc

Country's GDP growth for June quarter came in at 5.7%, lower than 6.1% reported in Jan-March 2017

India's slow gross domestic product (GDP) growth may delay a much-anticipated recovery in the economy, companies across manufacturing and consumer durables tell Business Standard.

The country’s GDP growth for the June quarter came in at 5.7%, lower than the 6.1% reported in the January-March 2017 period. Manufacturing took a sharp hit, growing 1.2% only in the June quarter versus 5.3% in the January-March period. 

The June quarter GDP growth was the lowest in three years — a worrying sign, industry captains and chief executives officers (CEOs) say. 

Earlier most expected a recovery in consumer sentiment and trade during this year’s