Abrupt declines in manufacturing and investment reflect uncertainty ahead of general elections, subdued lending by banks and other financial institutions, ADB said.
Increased buoyancy is welcome, though it needs examination of causes
International money managers are starting to fall out of love with Narendra Modi
The Sensex tumbled 770 points to end at 36,563, while the Nifty closed at 10,798, down 2 per cent, or 225.35 points
The BSE benchmark Sensex tumbled 769.88 points, or 2.06 per cent, to close at 36,562.91
PMI survey says competitive pressures and challenging market conditions restricting growth.
Real GDP slowed to 5% year-on-year in 2Q (first quarter of FY20) from the first quarter's 5.8%, below DBS' sub-consensus and market expectations
The govt -- which is sticking to its 7% growth projection for the fiscal -- has recently announced a number of steps to improve India's longer-term growth, without providing any immediate support
In a statement, he said the last quarter GDP growth rate of 5% signals that 'we are in midst of a prolonged slowdown'
Data due Friday is expected to show gross domestic product growth slowed for a fifth straight quarter to 5.7 per cent in the three months ended June
The investment rate is expected to go up in the second half
The cut in growth rates for India was sharper for both the years than the other seven economies
For 2020 calendar year, it reduced the estimate by a similar measure to 6.7 per cent
India's economic growth slowed to 6.8% in 2018-19 - the slowest pace since 2014-15
To contain high bad loans in the MUDRA scheme, the managers suggested that a national portal be floated to verify the borrower and whether multiple lending has happened
The domestic auto industry is facing one of the worst slowdowns, with sales across segments declining sharply month after month for a year
Policy more attuned to consumption than investment, it said
The size of the cake cannot increase if the makers of the cake are squeezed into discomfort
Though global IT services spending is likely to cross the $1-trillion mark to reach $1.031 trillion, growth rate will slow to 3.8% in 2019, compared to 6.7% last year according to reports
This year GDP growth has fallen to 6.8 per cent, the lowest in five years