GDP Growth at 6-Year Low: Takeaways from RBI’s Annual Report
What does the Reserve Bank of India’s annual report say about the economy and which points are a cause for concern?
India’s economy’s growth rate is at a six-year low. The Central Statistics Office released its figures for the first quarter of 2019-20 and the growth rate is at 5 percent, even lower than the number the Reserve Bank of India (RBI) had predicted in its annual report on the economy just a day ago.
This comes after a high number of job losses have been reported, in the auto industry as well as in other industries, and consumer spending has fallen significantly.
What does RBI's annual report say about the economy and which points are a cause for concern? Tune in to The Big Story where we give you top highlights from the report.
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