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RBI Guv: Slowing of GDP growth due to lower govt spending, MCC
Millennium Post Delhi
|September 01, 2024
Reserve Bank projected a growth rate of'7.1% for first quarter
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The slowing of India's economic growth to a 15-month low of 6.7 per cent in the April-June quarter was due to "lower" government spending in the wake of the enforcement of the model code of conduct for the recent Lok Sabha polls, RBI Governor Shaktikanta Das said here on Saturday.
The RBI had projected a growth rate of 7.1 per cent for the April-June quarter of this fiscal.
This story is from the September 01, 2024 edition of Millennium Post Delhi.
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