What's New :
TARGET PT 2022: Batch will be started from 6th December, 2021
GS PAPER-2 (New Batch will be started from 06th December, 2021)
IAS Foundation 2023-24: New Batch will be started from 14th December, 2021

Indian Economic Slowdown: A long term problem, how to come out of it

  • Category
    Economy
  • Published
    19th Sep, 2019

According to GDP data released by National Statistical Office (NSO), India's economic slowdown is real as India had annual growth of 5.0 per cent in the April-June quarter, the slowest in more than 6 years, dragged down by weak consumer demand and private investments.

Issue

Context

According to GDP data released by National Statistical Office (NSO), India's economic slowdown is real as India had annual growth of 5.0 per cent in the April-June quarter, the slowest in more than 6 years, dragged down by weak consumer demand and private investments.

Background

  • India has been one of the fastest growing large economies in the world and today is considered as the world’s seventh-largest economy by nominal GDP and the third-largest by purchasing power parity.
  • According to several studies, India’s growth rate should stabilise at 8% during the next decades, ranking the country as the world’s fastest-growing economy.
  • However, India’s deepening slowdown has now left the economy on the verge of stalling.

The great Indian Slowdown

  • The figure below compares a series of 15 economic indicators and reflects how the economic activity during the period April to June 2019 has slowed down.

     

You must be logged in to get greater insights.
Enquire Now