Subdued private consumption due to a low growth rate of real wages is a factor behind the slowdown, said the central bank.

India’s foreign minister met with his Chinese counterpart Friday, saying there’s been “some notable developments” made between the two nations in a bid to improve relations.

Highlighting the complexities of the current geopolitical landscape, External Affairs Minister S Jaishankar said the G20's ability to harmonise viewpoints is key to advancing the global agenda.