India braces for shock GDP as government scrambles to spur economy
NEW DELHI: The bad news is getting worse for India’s economy and Prime Minister Narendra Modi is exhausting all options to stem the fallout.
Data on Friday will likely show the economy had its weakest performance last quarter in more than six years, with the growth rate dropping below the symbolically important 5% mark. It’s a culmination of several months of downbeat figures, from plunging car sales to shrinking factory output and an export slump.
Having left much of the stimulus burden to the central bank early this year, PM Modi is now taking bolder steps to reverse the decline. In recent months, the government has slashed corporate taxes, set up a special real-estate fund, merged banks and announced the biggest privatisation drive in more than a decade. While authorities are committed to doing more, the policy room may be narrowing.
Ankur • 23 hours ago
But bhakts will still vote for this moron.
Kapoor A• 18 hours ago
Are you intelligent enough to get a INR 50000 job
19jp55 • 22 hours ago
Cannot discus WISDOM with a FOOL
SNAAATION• 23 hours ago
Bhakths are hiding in caves, they feel this reports are fake..modi is giving them 15 lakhs of swiss money.
Nallamuthu Naa• 22 hours ago
Real pappu is Modi who has ZERO knowledge on economics and moving towards ZERO GDP record.
vipul arya• 22 hours ago
Dr Moonga Goonga did take the GDP even lower....even when there was no global slowdown....
Peace Bro• 21 hours ago
Just sh!t whatever come from the mouth with no facts or data...typical bhakts
sam mm • 23 hours ago
Despite fudging GDP figures , the Govt could not dits failure as the figure touched 5%, in reality it is below 4 %, truth always comes out no matter how much u try
Satendra Yadav • 22 hours ago
Q2 GDP is sub 4.5%..I never had any trust in Modi governance, even before 2014..it''s all pseudo development he did in Gujarat but he sold fake dreams to indian idiots and they bought it...Now, even repenting over decision is not even an option..We are officially in RECESSION!!
Shailesh M Kulkarni• 18 hours ago
Technically we are not. Recession is 2 consecutive quarters of negative growth