Indian FQ2 GDP slows to three-year low.

India's GDP growth declined to a three-year low of 5.3% on year in FQ2 vs +5.5% in Q2 and consensus of +5.2%. The slowing growth comes as the government battles to implement economic reform that it sees as vital to reviving the economy. These include allowing foreign companies to control supermarkets, and easing limits on non-Indian investments in the insurance, pensions and aviation sectors.