India’s Economic Slowdown

India’s economic growth dropped to a six-and-a-half year low of 5 percent in the April-June quarter of 2019-20 due to a sharp deceleration in the manufacturing sector and sluggish agriculture output.

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The previous low was recorded at 4.9 percent in April-June 2012-13

The economic growth was 8 percent in the same quarter of 2018-19

Earlier, seeking to counter India’s economic slowdown, Finance Minister Nirmala Sitharaman had announced several measures, including rollback of enhanced surcharge on FPIs, support for the stressed automobile sector, release of Rs 70,000 crore for PSU bank recapitalisation upfront, withdrawal of angel tax provision for start-ups and their investors

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The previous low was recorded at 4.9 percent in April-June 2012-13

The economic growth was 8 percent in the same quarter of 2018-19

Earlier, seeking to counter India’s economic slowdown, Finance Minister Nirmala Sitharaman had announced several measures, including rollback of enhanced surcharge on FPIs, support for the stressed automobile sector, release of Rs 70,000 crore for PSU bank recapitalisation upfront, withdrawal of angel tax provision for start-ups and their investors

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