India Q2 GDP disappoints at 4.4% y/y, slowest in more than four years

NEW DELHI - Adding to the dismal mood amid slowing growth and currency depreciation,  India’s GDP growth has slowed to a disappointing 4.4% y/y in the second wuarter from 4.8% in 1Q13, weighed by a contraction in investment and a pullback in private consumption, offsetting higher public spending.  The GDP outturn is the slowest since Q1 2009.