'India slotted for sub-5% quarterly GDP growth'

If a 5% GDP growth rate was not bad enough, there are warning signs that in July-September quarter it may have fallen further. On Tuesday, SBI warned that Q2 GDP growth rate may fall to 4.2% from 5% in Q1, while the securities arm of Kotak Bank estimates it to be at 4.7%. Japanese firm Nomura too feels that the GDP growth rate during the previous quarter would be at 4.2%.

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