INSUBCONTINENT EXCLUSIVE:
The economy is struggling against a growth slowdown due to weak consumption and thousands of job
losses
India's gross domestic product (GDP) growth slowed to 4.5 per cent in the July-September period, worse
than economists' estimates, official data showed on Friday
That marked the slowest pace of economic expansion recorded since the quarter ended March 31, 2013
Consumer demand and private investment weakened and a global slowdown hit exports, hurting the economy, which had expanded 5.0 per cent in
The economy is struggling against a growth slowdown due to low demand and thousands of job losses across sectors
Friday's economic data highlights a prolonged slowdown in the economy, with growth coming in below the 7 per cent mark for the
an official press release, the Central Statistics Office (CSO) said three economic activities - 'trade, hotels, transport, communication and
data for the latest quarter comes at a time when stress in the country's financial sector, slowing demand, multi-year low auto sales and
emphasized the fundamentals of the economy remain strong and said GDP growth is expected to pick up in the December quarter.Economists say
GDP growth is expected to pick up in the coming months
"The GDP data confirmed fears of weak growth momentum
Measures taken by the government should boost growth in the second half (of 2019-20), however we will closely monitor high-frequency data,"
said Anagha Deodhar, economist, ICICI Securities
(Here's what economists say)The economy needs to grow at around 8 per cent to create enough jobs for the millions of young people joining
slew of measures in the past months to spur investments to revive growth, including withdrawal of higher taxes on foreign investors,
reduction in corporate taxes, a mega merger of state-run banks, a special window for the real estate sector and a massive disinvestment plan
However, some surveys still show business confidence is at multi-year lows.Some economists, however, believe that there may be limited room
interest rate at which it lends short-term funds to commercial banks - by 1.35 percentage point to 5.15 per cent."A rate cut is definitely
Although we are skeptical about monetary policy's effectiveness in boosting growth in the current scenario, growth concerns are likely to
