India's GDP growth slowed to 7% in the first quarter of the current fiscal year, below expectations of 7.4% growth and lower than the previous quarter. This adds pressure on the central bank to cut interest rates to boost the economy. Other data also showed weak growth in infrastructure output and a worsening monsoon raises concerns about rural demand. The rate cut hopes will increase pressure on the Reserve Bank of India to ease monetary policy further at its next announcement in September.