Attacking the Modi government as it completed two years in office on May 26, Congress leader Girija Vyas questioned the GDP figures for the last two financial years and claimed the official numbers given by the ruling dispensation raised "broad skepticism"
Chief Economic Advisor Arvind Subramanian, who has made out a case for increasing public investment due to sluggish growth, was the first to express some degree of disbelief in the new numbers.
Mecklai graph of the day - Euro zone avoids recession in Q1
Slowing economic growth in India, reflected by today's Q411 GDP figures, is in line with our expectation of a cyclical downturn, partly driven by the authorities' moves to cool the economy, Fitch Ratings says.