Daily O

Dire Straits: The Indian economy is in a major slowdown. Can Nirmala Sitharaman fix it?

With economic growth at its lowest and unemployment at its highest in several quarters, alongside a likely delayed monsoon, the FM's task is only uphill.

India’s economic growth fell to 5.8% in the January-March period of 2018-19 — the lowest in 20 quarters — due to a sharp slowdown in investment and manufacturing growth as well as a contraction in agricultural production.

This pulled down gross domestic product (GDP) expansion to 6.8% in FY19 — the slowest in the first stint of the Narendra Modi government.

The economy’s revival will thus be a key challenge for the new finance

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