India growth slows to 6.7% on lower consumer spending

India’s economic growth slowed to 6.7% on-year in the April-June quarter, official data showed August 30, as lower government outlays and lacklustre consumer spending weighed on the world’s fifth-largest economy. August 30’s reading still places the world’s most populous country among the fastest-growing major economies globally. But the figure is unwelcome news for Prime Minister...