FROM FASTEST GROWING ECONOMY TO NUMBER 4: INDIA FALLS BEHIND AFTER GDP GROWTH SLOWS TO 6-YR LOW

With GDP growth falling consecutively for the fifth time, India has slipped to fourth position globally in terms of real growth rates, a report said. The Indian economy is now behind China, the Philippines and Indonesia as it recorded 5 per cent growth in the first quarter of FY20, the slowest in last 25 quarters. The growth in Q1 of the ongoing fiscal contradicted all expectations and part of the slowdown looks structural, report on economy released by Anand Rathi said. Q1 FY20 growth belied all expectations. With five successive decelerations, part of the slowdown looks structural, it noted. “The GDPand GVA decelerations are nearly across the board. Private consumption and manufacturing decelerations are particularly noticeable, while investment growth continues to be low and services failed to maintain buoyancy,” it added.

https://www.financialexpress.com/economy/from-fastest-growing-economy-to-number-4-india-falls-behind-after-gdp-growth-slows-to-6-yr-low/1694602/

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