The reasons for a slum in the gross domestic product to and all time low of 5% in april june quarter and the steps taken by to increase in invesment in india
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Consumption, the bedrock of growth in the past few years, collapsed to an 18-quarter low of 3.1% from 10.6% in the March quarter, pointing to fragile sentiment. Investments grew 4%, up from 3.6% in the previous quarter. The slowdown in investment and consumer demand derailed manufacturing, which grew just 0.6%.
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✨When a country's real GDP is stable or increasing, companies can afford to hire more people and pay higher wages. As a result, spending power goes up as well. ... A country's real GDP can drop as a result of shifts in demand, increasing interest rates, government spending reductions and other factors.
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