Slackening consumer demand puts brake on India's economic growth

While uncertainty over the outcome of a general election cast a shadow on investments, consumer demand has been hit by relatively tight financial conditions

Investment and consumption waned in India, latest high-frequency indicators show, putting a brake on growth in the world’s fastest-growing major economy.

Overall activity reading generated from eight indicators compiled by Bloomberg News suggest the economy is cooling, with the dot moving one notch to the left in March from a month earlier. That backs government’s forecast for growth to ease to just over 6 per cent -- the slowest pace in nearly two years -- in the quarter to March.
 

While uncertainty over the outcome of a general election cast a shadow on investments, consumer demand has been hit by relatively