The economic slowdown in India became worse in the second quarter of 2019 and the GDP growth rate fell to 4.5%—the lowest in the last 26 quarters (see chart). More bad news followed: the expected economic recovery was not going to happen anytime soon. Most economic indicators like industrial production, merchandise exports, bank credit, freight movement, electricity production, among others, are pointing to weak growth in the first months of the third quarter.
Nine big financial changes that you must watch out for in October
Read More