However many investors have been frustrated with the pace of reforms in the world's second-most populous nation.This is India's slowest growth rate in five quarters.9 percent in the previous quarter.The numbers also fell short of Aluminum Foil Laminates economists' expectations, with most predicting a slight slowdown in GDP growth to around 7.(This article first appeared in Deccan Chronicle).1 percent year-on-year from April to June, down from 7.India's rosy GDP figures have drawn questions since the government in January 2015 revised its base year to 2011-12 and introduced new ways of calculating growth which it said were closer to international standards.New Delhi: India's economic growth slowed sharply in the first quarter of the 2016-17 financial year, missing expectations, official data released Wednesday showed."Even though we are witnessing impressive gains in India's economic growth, there is still a real question as to whether we are doing so quickly enough," he said.9 percent in the preceding quarter, according to the statistics ministry. Investors have praised recent reforms including a bankruptcy code and a new Goods and Services Tax that will create a single market across India.

The disappointing data came as US Secretary of State John Kerry said India's economy would only be able to maintain its impressive growth if its bureaucracy ceased to be "an expert in setting up roadblocks". It had last clocked a 7.1 growth rate back in January-March 2015.GDP expanded 7.6 percent for the quarter.Prime Minister Narendra Modi has made kick starting growth a priority since taking power in 2014.Gross domestic product expanded 7.Speaking on a visit to New Delhi, Kerry said red tape and a lack of transparency continued to deter entrepreneurs and foreign investors.1 percent year-on-year in the three months from April-June, down from the stellar growth of 7.However, India retained its place as the world's fastest-growing major economy, with growth having outpaced Asian rival China for more than a year.

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