) GDP - India’s real or inflation-adjusted gross domestic product

(GDP) grew at 5% in the June 2019 quarter of financial year 2019-20

(Q1FY20), the slowest growth in six years. In nominal terms, the
growth stood at just 7.99%, the lowest since December 2002.
2) The Slump in Private Consumption - Private consumption which
contributed more than 55-60% to India’s GDP had been slowing down
since 2014.
3) The Decline in Domestic Automobile Sales - The Indian
automobile crisis was also showing no signs of subsiding with the
overall domestic sales of automobiles plummeting 12.76% to
21,76,136 units in October 2019.
4) Low Investment - Gross fixed capital formational (GFCF), a metric
to measure investment in the economy, too had dropped from 34.3%
in 2011 to 28.8% in 2018, as per the Indian government data.
5) Government Expenditure - The growth in the gross tax revenue
during the first six months of 2019-20 had been at a meagre 1.5%. It
needed to grow at 18.3% if the total expenditure that the government
had targeted during this fiscal year had to be met.