India’s economy grew slower than expected to a 20-quarter low in the January-March period, dragging overall growth to a five-year low in FY19, presenting the first big challenge for the second Narendra Modi government that took charge Friday. Following on from this, the central bank is widely expected to cut interest rates further next week to bolster the flagging economy. 
The provisional estimates for FY19 released on Friday showed that the economy grew 5.8% in the fourth quarter of FY FY19 against 6.6% in the preceding one and 8.1% in the year earlier. 
Overall growth for FY19 slumped to a five-year low of 6.8% compared with 7% projected in the second advance estimates released in February.