Business News Asia
Indian authorities reported yesterday (May 31) that India’s gross domestic product (GDP) grew 4.1% in the first quarter of this year compared to the same period last year.
Growth was the lowest in a year, following 5.4% in the fourth quarter of last year and 8.4% in the third quarter.
The report states that Indian economy has been pressured by inflation. This could make the Reserve Bank of India more difficult to find ways to curb inflation without affecting economic growth.