India’s GDP shocker seen adding to troubles for stock market

India's economic slowdown, with the slowest growth in nearly two years, may worsen short-term stock market weakness, strategists warn. While a recovery is expected in the second half of the fiscal year, dependent on potential RBI rate cuts or easing deposit requirements, concerns over the economy and high valuations have caused the Nifty50 to fall 8% since September. Foreign investors withdrew $2.6 billion in November.