India’s gross domestic product (GDP) growth has dropped to 4.5% in the July-September quarter of 2019-20, a free fall from the government’s ambitious call for a double-digit growth not so long ago. Propelling India into a $5 tn economic behemoth by 2024-2025 also seems implausible now.
The fall has been sudden although not entirely unexpected. In the first quarter of 2016-17, India registered a spectacular GDP growth of 9.4%. Today, it’s struggling at a 26-quarter low. A severe slowdown ..
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