India’s economy slows to lowest pace in 2 years

India's economy grew just 6.9% in the quarter ended in September, marking a two-year low for Asia's second-fastest growing nation.

Bloomberg attributed the dip to India's efforts to rein in inflation, as well as corruption scandals that have stalled Prime Minister Manmohan Singh's efforts to push through additional economic reforms.

The central bank is also battling an inflation rate nearly twice that of China and higher than in either Brazil or Russia, the financial news agency said.