Slowdown Blues

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Slowdown Blues

Economic slowdown: Q2 GDP growth rate to be announced today; Modi govt's worst fear may come true
Q2 GDP growth rate: India's swift growth is not only significant for the country but for the world economy too as India accounts for 7.7 per cent of the world GDP
'Not a recession yet': FM Sitharaman calms nerves on economic slowdown
"India's real Gross Domestic Product (GDP) growth was at 6.4 per cent at the end of 2009-2014, whereas between 2014-2019 it was at 7.5 per cent," stated FM Sitharaman
Slowdown Blues
Warning signs are becoming more apparent - employment is down, consumption is falling, capital formation is at a low...
Slowdown Blues: India's steel production declines 3.4% in Oct; steepest drop in almost 4 years
The last time steel production had fallen in a month was in March 2019 when the decline was 1 percent
Ind-Ra revises India's GDP forecast, cuts it down to 5.6% for FY20
Ind-Ra said that even GDP growth of 5.6 per cent will "require heavy lifting by the government". It warned that sticking to the fiscal deficit target of 3.3 per cent could push GDP growth even below 5.6 per cent
Slowdown Blues: NCAER sees GDP growth falling to 4.9% in Q2, current fiscal
For the full fiscal 2019-20, the Delhi-based National Council of Applied Economic Research (NCAER) has pegged GDP growth at 4.9 percent as against 6.8 percent in 2018-19.
Slowdown Blues: Petrol, diesel demand in September lowest in 2 years; crude import falls
The fall in consumption of petroleum products has also led to the decrease in crude oil imports by 15 per cent in September. Consumption of fuel is likely to remain low in the coming months as well.
Slowdown Blues: Weakening demand drags Indian factory growth to two-year low in October, shows PMI
The downturn in overall business activity and demand suggests the Reserve Bank of India might need to ease policy again, on top of the cumulative 135 basis points of rate cuts delivered this year
Auto slowdown: Bajaj Auto posts 14% decline in domestic motorcycle sales in October
Bajaj Auto motorcycle sales, including export, fell 8 per cent to 398,913 units from 432,985; the company also saw a 5 per cent fall in domestic commercial vehicle sales in October
Slowdown Blues: No bumper festive season for auto industry but declining trend may be arrested
From a month-on-month basis, there has been an uptick, both in enquiries and actual sales, but with Navratri out of the way, what's certain is that a bumper festive season is missing