Das, however, said India's growth story was intact and that all the other major sectors had reported growth above 7 %.

The slowdown had been anticipated due to a high base effect, adverse weather conditions, and restrictions on government activities mandated by the election code of conduct during the quarter.

India's GDP growth is projected to slow to 6% for the quarter ending June 2024, a six-quarter low, due to reduced government capital expenditure and declining urban consumer confidence, says ICRA.