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India's GDP growth slows to 6.1 pct in Jan-March quarter
Last Updated: 2017-06-02 09:35 | Xinhua
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India's economic growth rate slowed sharply in the January-March quarter to 6.1 percent, officials said.

According to data released by India's federal Central Statistics Office (CSO) on Wednesday evening, the Indian economy slowed down from 7 percent in the previous quarter.

With the release of new figures, India looses the tag of being world's fastest growing major economy.

Economists attribute the dip to the impact of government's demonetization move last year that has severely hurt sectors related to construction.

Growth in the country's eight core sectors slowed to 2.5 percent in April this year, from 8.7 percent in April last year.

This was mainly due to lower coal, crude oil and cement production.

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