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Friday, 01 September 2017 - 11:38
India's growth rate slows as new sales tax confuses firms
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India's economy grew at its slowest pace for three years in the April-to-June quarter, official figures show.

The economy grew by 5.7% compared with a year earlier, down from a rate of 6.1% in the previous quarter.

Many analysts had expected the economy to bounce back after the government's crackdown on black market cash last year.

However, confusion among some firms over a new tax on goods and services was blamed for holding back growth.

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