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A self-inflicted economic slowdown -Puja Mehra

d so and had exited the ignoble clubbing. The policy paralysis —an administrative and political bottleneck — had ended. The fiscal and current account deficits had been compressed, and GDP growth was slowly picking up momentum year after year, a recovery that continued till 2016-17, the year of demonetisation. Inflation remained out of control, also, in part, due to the sharp uptrend in global crude prices. In May 2014, after Mr. Modi&r

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Spend to grow -C Rangarajan and DK Srivastava

-The Indian Express Government should explore all avenues to expand capital expenditures From a level of 8.1 per cent in the fourth quarter of 2017-18, quarterly GDP growth fell to 5 per cent in the first quarter of 2019-20, a fall of 3.1 percentage points. The slowdown of the Indian economy is no longer in dispute. Thankfully, the government has come out of denial mode. The critical question is: What should be done to reverse the process? Is

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The right to choose -Ashok Gulati

he achievements of their ministries. The headlines in newspapers were, however, about the abrogation of Article 370, or the biggest slump in auto sales in the last two decades, or the slowing down of GDP growth. I tried to search for bold moves in agriculture as it affects the largest number of people. But I couldn’t find any. Some already-announced schemes were tweaked and a few new ideas were offered but without solid scientific and financial

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Dumb and Dumber: Facing slowdown, govt squeezes expenditure -Subodh Varma

re by July 2019 is less than what it was last year as share of annual budget, with key public welfare related ministries cutting most. India is facing an unprecedented slowdown of the economy with GDP growth slumping to 5% in the June quarter, agriculture growing by only 2% and manufacturing by a mere 0.6%. Private consumption expenditure – spending by families on consumption – has slipped downwards, bank credit has decelerated, and the

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Dr. Manmohan Singh, former Prime Minister of India, interviewed by Richa Mishra (The Hindu Business Line)

i government’s prerogative to talk up its work. But the government can no longer be in denial about the economy. India is in the midst of a very worrying economic slowdown. Last quarter’s GDP growth rate of 5 per cent is the lowest it has been in six years. Nominal GDP growth is also at a 15-year low. This slowdown has affected multiple key sectors of the economy. The automotive sector is in

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Cyclical or Structural -- What is the nature of India's economic slowdown? -Nikita Vashisht Some analysts believe that a slowdown in the GDP growth for the fourth consecutive year, from 8.2% in FY17 to around 6.5%  in FY20 (E), makes it a case of structural slowdown. India’s real or inflation-adjusted gross domestic product (GDP) grew at 5% in the June 2019 quarter of financial year 2019-20 (Q1FY20), the slowest growth in six years (25 quarters). In nominal terms, the growth stood at 7.99%, the lowest since

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Manmohan Singh assails govt on slowdown: How the former PM has emerged as a strong Modi critic

n. He called the state of economy deeply worrying and claimed it had the potential to grow at a much faster rate. “The state of the economy today is deeply worrying. The last quarter’s GDP growth rate of 5% signals that we are in the midst of a prolonged slowdown. India has the potential to grow at a much faster rate but all-round mismanagement by the Modi government has resulted in this slowdown,” Singh said. “Our youth,

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Manmohan Singh hits out at Modi govt, calls slowdown 'man-made crisis'

3.5 lakh jobs had been lost in the automobile sector alone, he claimed similar large-scale job losses in the informal sector New Delhi: Days after the finance ministry reported contraction in the GDP growth, former prime minister Manmohan Singh on Sunday slammed the Narendra Modi government blaming its policies for the economic slowdown in the country. "India has the potential to grow at a much faster rate, but the all-round mismanagement

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What is behind the GDP growth falling to 5% -Radhika Merwin

wdown in manufacturing and construction, the steep decline in consumption is a big cause for worry Even as the Centre’s big bank mergers detracted the attention briefly from the much-awaited GDP growth numbers for the April-June quarter, the sharp slowdown drew the market’s attention back to the immediate issue at hand. The Central Statics Office (CSO) revealing that the real GDP growth in Q1

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Agri GDP growth falls: Doubling farmers' income in next 3 years looks a tough task -Rajalakshmi Nirmal

agriculture, forestry and fishing as a segment. For the June quarter, this segment’s growth in real terms was 2 per cent, against 5.1 per cent in the same quarter of the previous year. Agri GDP growth has been sliding since the beginning of 2018-19. Against the 5 per cent growth reported in 2017-18, the year 2018-19 ended with a growth of 2.75 per cent.   Though broad numbers from the Ministry of Agriculture show that

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