Lower govt spending led to slowing of GDP growth: RBI governor Das

India’s economic growth dropped to 6.7 percent in the first quarter of the fiscal year, below the projected 7.1 percent, according to RBI Governor Shaktikanta Das. The slowdown is attributed to reduced government spending due to the Lok Sabha elections. Das remains optimistic that annual growth targets of 7.2 percent will be achieved as government expenditure picks up.