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India’s GDP slowdown won’t soon be reversed

India’s GDP slowdown won’t soon be reversed

Publicerat av Tony Harkén tisdag, 26 november 2019.

There is a downturn in India's economy, but will it become a protracted one? More specifically, will economic growth fall below 5 percent?

Credit rating agency Moody's has slashed India's GDP growth estimate to 5.6 percent for 2019. The GDP growth rate slipped to 5 percent year-on-year between April and June, the fifth consecutive quarter of deceleration. If the downward spiral in the economy continues, GDP growth will soon break below the 5-percent psychological barrier.

Read more at - India’s GDP slowdown won’t soon be reversed

Publicerat av

Tony Harkén

indien

Klockan i Bombay, Indien

IN - Time
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