new delhi aug 31 india inc today expressed disappointment over the countrys economic growth which slipped to a threeyear low of 57 per cent in apriljune industry chamber phdcci said ease of doing business remains a major concern as manufacturing firms particularly labour intensive units are impacted by various stringent laws and compliance costs going ahead the breakthrough in gst should also be followed by reforms in labour laws such as a single uniform labour law across the country phdcci president gopal jiwarajka said in a statement growth of indias real gdp at 57 per cent in the first quarter is disappointing as the industry was in anticipation of rebound from low growth in the last quarter of 201617 he added he also stressed that there is a need to focus on reforms to improve the ease of doing business scenario particularly for msmes in order to encourage setting up of more industries assocham suggested that policymakers should take urgent steps to revive private investments the chamber cautioned the government that further downward risks to the growth still prevail in the form of rising crude oil prices due to the gulf crisis and inventory drawdown in the us that will have its adverse effects on current account deficit and exchange rate continuous fall in fixed investments unsolved problem of banks npas global policy and political risks tightening financial conditions on account of deleveraging financial institutions and slowdown in real estate could weigh negatively it added indias gdp growth dropped to a threeyear low of 57 per cent during apriljune as manufacturing slowed ahead of the launch of gst and the impact of demonetisation lingered on crisils d k joshi too said the gdp number is disappointing as the expectation was that the growth would be 65 per cent former chief statistician pranab sen said it was expected that the first quarter gdp would be weak because of gst rr ard