A year ago, the International Monetary Fund's (IMF) mission chief for India, Mr Ranil Salgado, described the economy as "an elephant that has started to run". India's economy was growing at more than 8 per cent, which made it the fastest-growing major economy in the world.
But it would seem the elephant has gone back to its leisurely stroll. This year, India's growth has gone downhill, slowing sharply to just 5 per cent in the quarter ended June - the lowest since 2013.
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