How serious is India’s economic slowdown?
NEW DELHI: According to global broking firm Goldman Sachs, as of June 2019, the current slowdown has lasted for 18 months, making it is the longest since 2006.
More than half of the decline in economic activity has been driven by a consumption slowdown, which appears to be broad-based, with components other than auto contributing more than twice the effect of autos to the total consumption decline, says the brokerage in a report.
When will it end?
Goldman Sachs expects a moderate pick-up in economic activity by March next year if there is a "substantial improvement in consumer confidence over the course of the year, and a significant easing in domestic financial conditions."
The chief of another broking house, however, thinks that a global recession may start "by the end of 2020 or early 2021" and if that happens Indian economy will suffer too.
India Ratings, a Fitch group company, said on Wednesday that it expects GDP growth for 2019-20 to tumble to a six-year low at 6.7% instead of 7.3% it had said earlier because band-aid measures will not help the economy in the long term.
译文来源：三泰虎 http://www.santaihu.com/48335.html 译者：Jessica.Wu
Shashank Kumar2682 Shashank Kumar
If you don''t find a News, just create one.
West hasn''t seen a 5% GDP growth in last 50 years and they fund these prestitutes to create false narrative of economic slowdown. India is rising!
P.S.: I''m an entrepreneur ;)
Abhijet Singh6000 Abhijet Singh-DUBAI-20 hours ago -Follow
All anti modi are happy and actively exploding this false news all possible way..............i am sure nothing as such is there and India is on track under the selfless and shrewd leadership of Modi ji
Avijit Hi1530 Avijit-20 hours ago -Follow
It's Exaggerated. Indian Economy did face many ups and downs in past and did overcome them with befitting corrective measures. Now Congress and Co unist Economists are jobless that is why they are spreading fake fear to the atmosphere.
John D2819 John D-20 hours ago -Follow
India is one of the poorest countries in the world.
The GDP per capita of India is only $1,939. While the GDP per capita of USA is $59,531.
Even war torn countries like Iraq are richer than India.
Ajay Gupta2510 Ajay Gupta-bhopal-20 hours ago -Follow
it''s more our fault than the gt.
Vishu486 Vishu-20 hours ago -Follow
Modi go nment has done a great work under his leadership. Definetely deserves minimum two more terms to make this country livable.
Vijay Jain•2062•Influencer Wordsmith News King • Radhakrishnan Nair•goa•19 hours ago
You know Indian railways advertised for 60000 vacancies and 2 crores applicants applied. Those fatty bumps will not ever know the plight of an unemployed or an elderly who is living on his meagre interest income. BJP/RSS cadres living aristocratic lifestyle and shining.
Ashwani Kumar•10925•Movie Buff Wordsmith News King • Ashwani Kumar•20 hours ago
How can India''s GDP grow when India is importing even basic agarbattis worth Rs. 800 crore from .
Tarun Gupta•1536•Wordsmith News King Frequent Flyer • Ashwani Kumar•Kochi•15 hours ago
go nment should step up and increase import duties on Agarbattis so that Indian businessmen will be saved and will ease some fiscal deficit
Elangovan• Elangovan•Mysia•22 hours ago
India’s slowdown due to the flow of black money halted causing liquidity crunch.
Som Patil•9258• Som Patil•20 hours ago
Stop online purchases of products, they are manufactured in . Buy only at local markets, products locally made. If you buy every product made in , dont blame Gt.
Barkat Choudhury•5324• Som Patil•19 hours ago
You Bhakts made Sardar Patel statue from ? And you Bhakts talk about boycott
Srinivas Dhangar•3412•Member • Srinivas Dhangar•Pune, Maharashtra•20 hours ago
Just stop buying unnecessary foreign goods,, ruppee improves, recession slows down automatically,but do u have that much nationalism to think b4 buying
P S G•10257•Influencer Wordsmith News King • Srinivas Dhangar•19 hours ago
Most indians dont have that much of sense,
Tarun Gupta•1536•Wordsmith News King Frequent Flyer • Srinivas Dhangar•Kochi•15 hours ago
haaa go nment is buying LED from .
rajkripal40•11089•Influencer Wordsmith News King • Srinivas Dhangar•13 hours ago
Even the Yoga Mat for the great show was imported from !
Paul Pn•1252• Paul Pn•20 hours ago
This is due to the economic shakeup of the co ption and printed of fake indian currencey. It will take time for the economy to settle down after 100 years fo looting by the congress.
Alfa Dog•Inboxer Member • sunil sharma•gctic•20 hours ago
Real reason of economy slow down,
Modi while in India always in ion campaign mode
Not a single qualified person in cabinet, specially FM
RBI governor is MA in history
BJP had used all in energy in negativity by bringing down congress, never focused on core issues
Only Balkot strike made Modi PM again, hence expect major war with Pakistan just to retain PMship
Amar Swain• sunil sharma•Bhubaneswar•19 hours ago
Agree with you statement bro. It''s true
Michael G•1915•Wordsmith News King Frequent Flyer • Michael G•21 hours ago
India being part of the world is facing same problems as . Hong kong, Singapore, Europe, Japan USA etc and that is cyclical slowdown.
There is nothing one can do and it is stupid to blame the go nment as it is worldwide slowdown.
On a ber ne India is still a ber spot in the current basket of slowing economies.
harjeet singh sandhu•282• sunil sharma•19 hours ago
Prospects of economic recovery appear very weak despite the go nment making efforts in the direction.
ChoukidarBindaasNeha•14092•Influencer Moderator Movie Buff • ChoukidarBindaasNeha•New Delhi•20 hours ago
Build another 182 metre statute. Tourists will come to see this and Indian economy will grow by ls and bounds
B Raghuram•435•Wordsmith News King Frequent Flyer • Arvind Jain•Bangalore•18 hours ago
Truth is bitter
Prathap Samuel P•5272• Nasim Khan•18 hours ago
If they simply ground the air India fleet and sell the planes, it will be a huge savings for the go nment.
Prithviraj Patil•1763•News King Frequent Flyer Member • Prithviraj•20 hours ago
Another masterstroke by Modiji !!!
Anil Majmudar•281• Anil Majmudar•15 hours ago •Follow
Who says there is a slowdown. PM will announce that the economy is growing at 8% and it will start growing at 8%. That is Modi''s magic. Supported by all his bhakts.