From the Editor-in-Chief
India Today Editor-in-Chief Aroon Purie talks about the current state of economy in the country.
by Aroon Purie
Dec 06, 2019
4 minutes
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Over the past few months, the Indian economy's growth engines-from real estate to agriculture to exports and internal consumption-have coughed and sputtered to a halt. The economy is now in free fall. Figures recently released by the government have confirmed our worst fears. India's GDP growth plunged to a 26-quarter low of 4.5 per cent in the July-September quarter of 2019-20 as manufacturing contracted, investments weakened and consumption demand fell. GDP growth stood at 8.1 per cent in the same period a year ago. In the first quarter of this fiscal, it was just 5 per cent, already the slowest in six years.
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