మోడీకి ఆర్థిక,రాజకీయ,సామజిక సవాళ్ళతో ముగిసిన 2019||2019 ends with challenges to Modi
India has seen a economic slowdown in 2019, with the country's real estate, automobile, construction sectors and overall consumption demand facing a serious and constant decline.
The second quarter (July-September) of the current financial year (April 2019-March 2020) witnessed a drastic fall in gross domestic product (GDP) growth rate to 4.5 percent, even as international bodies like the International Monetary Fund (IMF) and the World Bank repeatedly cut Indian economy's growth rates. This was described as the lowest GDP growth rate in the previous 26 quarters, which means in over six years.
The main reasons attributed to the fall in the GDP growth rate were - contracted manufacturing activity, weakened investments, and lessened consumption demand.
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మోడీకి ఆర్థిక,రాజకీయ,సామజిక సవాళ్ళతో ముగిసిన 2019||2019 ends with challenges to Modi India has seen a economic slowdown in 2019, with the country's real estate, automobile, construction sectors and overall consumption demand facing a serious and constant decline. The second quarter (July-September) of the current financial year (April 2019-March 2020) witnessed a drastic fall in gross domestic product (GDP) growth rate to 4.5 percent, even as international bodies like the International Monetary Fund (IMF) and the World Bank repeatedly cut Indian economy's growth rates. This was described as the lowest GDP growth rate in the previous 26 quarters, which means in over six years. The main reasons attributed to the fall in the GDP growth rate were - contracted manufacturing activity, weakened investments, and lessened consumption demand.