why indian GDP lower in day by day give reason for that ? and who is responsible for that
Answers
Answer:
The inauguration of the Modi Government 2.0 does not seem encouraging because the economy is showing no sign of improvement in many sectors i.e. automobile, manufacturing, FMCG, banking and agriculture. In the month of august 2019; the Central Statics Office (CSO) revealed that the real GDP growth in Q1 of the current fiscal declined to a six-year low of 5%.
It clear that no single factor is responsible for this decline. The vicious circle of poor demand is the major factor behind the whole mess up.
Let us find the reasons in this article that what are the reasons behind the decline in the Indian GDP.
Explanation:
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The Gross Domestic Product (GDP) of the Indian economy in the first quarter of the current fiscal year 2019-20 declined to six year low at 5%. In this article we have explained the reasons behind the decline in the Indian GDP.
The inauguration of the Modi Government 2.0 does not seem encouraging because the economy is showing no sign of improvement in many sectors i.e. automobile, manufacturing, FMCG, banking and agriculture. In the month of august 2019; the Central Statics Office (CSO) revealed that the real GDP growth in Q1 of the current fiscal declined to a six-year low of 5%.