RBI Guv Shaktikanta Das attributes India's Q1 GDP fall to EC model code of conduct, reduced spending; says 'growth story is intact'

India's GDP growth slowed to 6.7% in the April-June quarter, down from 8.2% a year ago, primarily due to decreased government spending amid the Lok Sabha elections. Despite this, key sectors like consumption and manufacturing showed strong performance. RBI Governor Shaktikanta Das remains confident in achieving the 7.2% annual growth target, supported by anticipated increases in government expenditure and positive trends in agriculture.