GDP: Why India's growth rate is shrinking rapidly.

Pedro_P

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▼ India's growth rate is at its lowest in six years. Growth figures have been on a steady decline, shrinking from 8% to 5% in just one year.
But economists believe that the new GDP figures - expected to be released later on Friday - will be a brand new low, dragging the number down below the 5% mark.
Three industries - agriculture, construction and automobiles - have been struck the hardest amid India's economic slowdown.
Video by Pritam Roy, Pooja Agarwal, Vishnu Vardhan, Saraskanth TK and Arunoday Mukharji (▪ ▪ ▪)

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parivijesh100

It is correction due to removable of parallel black economy & misuse of money by way of taking lian with intention of not returning it. Thus correction is good for economy in longer run.

culsivaji

The findings of the National Statistical Office (NSO)’s consumer expenditure report of 2017-18 can’t be compared with the consumption data derived from gross domestic product (GDP)