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INDIA’S GDP GROWS AT 7.1% IN Q1 FY17


India’s economic growth decelerated to its slowest level in six quarters in the April-June period, potentially making the government’s target of achieving 8% growth this year more daunting.However, an imminent boost from the agriculture sector on account of a normal monsoon after two consecutive drought years and a push to urban consumption from the pay hike to central government employees are expected to significantly push economic growth in the remaining quarters of 2016-17.

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