India's economic growth slowing

India's economy grew at a slower-than-expected annual rate of 7.9% in the three months to June, its slowest rate of growth in more than three years. This compared with 8.8% in the previous quarter and 9.2% seen in the same quarter a year earlier. High interest rates, rising oil and food prices are likely to contain growth at about 7.5%, analysts said, down from 9% or more in previous years. India has struggled to... [read full story]