India's economy slows, stalling once thriving manufacturing

SUMMARY

India's economy, once one of the fastest-growing in the world, is braking in a blow to the labour-intensive manufacturing sector. Growth slipped to 5 percent in the April-June quarter, the slowest pace in six years, and many economists believe that Prime Minister Narendra Modi's signature economic policies are at least partly to blame.

By APSept 19, 2019 11:47:05 AM IST (Published)

Daily wage labourers and construction workers wait to get hired on the outskirts of New Delhi. (AP Photo/Altaf Qadri)

India's economy, once one of the fastest-growing in the world, is braking in a blow to the labour-intensive manufacturing sector. (AP Photo/Altaf Qadri)

Indian daily wage labourers and construction workers jostle as a man, in red shirt, tries to hire them, on the outskirts of New Delhi. Confidence in the Indian economy is giving way to uncertainty as growth in the labour-intensive manufacturing sector has come to a near standstill, braking to 0.6 percent in the last quarter from 12.1 percent in the same period a year earlier. (AP Photo/Altaf Qadri)

Daily wage labourers and construction workers wait in anticipation to get hired on the outskirts of New Delhi. (AP Photo/Altaf Qadri)

Workers prepare packing of clutch buttons at an auto component manufacturing factory on the outskirts of New Delhi. (AP Photo/Altaf Qadri)

A man drives a battery-operated rickshaw through a slum as unfinished residential housing projects are seen in the background in Noida on the outskirts of New Delhi. Growth slipped to 5 percent in the April-June quarter, the slowest pace in six years, and many economists believe that Prime Minister Narendra Modi's signature economic policies are at least partly to blame. (AP Photo/Altaf Qadri)

A roadside vegetable seller waits for customers in Noida on the outskirts of New Delhi. (AP Photo/Altaf Qadri)

A roadside fruit seller waits for customers as vehicles drive past in Noida. (AP Photo/Altaf Qadri)