There’s bad news on the economic front – GDP rate has slipped drastically to 5 percent and inflation rate has soared. Despite the bold steps taken by the government to revive the economy of late, the desired results haven’t been achieved owing to a rather complex situation.

A few economists discern clear signs of a slowdown while other think it’s the beginning of an economic contraction – begging the question – Is India on the brink of an economic crisis?

Let's take a look at some numbers:

The projected GDP growth rate for the second quarter is 4.25 percent to 4.74 percent.

GDP projections by experts:


SBI’s Chief Economist Soumyakanti Ghosh – 4.2 percent
Nomura's Sonal Verma - 4.2 percent
ICRA’s Aditi Nair - 4.7 percent
Kotak Securities’ Shubhdeep Rakshit - 4.7 percent

The actual numbers will be released by the end of November. However, it’s safe to assume India’s GDP growth will languish at around 5 percent. SBI’s already revised its earlier projection of 6.8 percent to 5 percent.


Listen to the podcast for the full story!


Host: Sanjay Pugalia

<div>There’s bad news on the economic front – GDP rate has slipped drastically to 5 percent and inflation rate has soared. Despite the bold steps taken by the government to revive the economy of late, the desired results haven’t been achieved owing to a rather complex situation.<br>
<br>

</div>
<div>A few economists discern clear signs of a slowdown while other think it’s the beginning of an economic contraction – begging the question – Is India on the brink of an economic crisis?<br>
<br>

</div>
<div>Let's take a look at some numbers:<br>
<br>

</div>
<div>The projected GDP growth rate for the second quarter is 4.25 percent to 4.74 percent.<br>
<br>

</div>
<div>
<strong>GDP projections by experts:<br>
</strong><br>

</div>
<ul>
<li>SBI’s Chief Economist Soumyakanti Ghosh – 4.2 percent</li>
<li>Nomura's Sonal Verma - 4.2 percent</li>
<li>ICRA’s Aditi Nair - 4.7 percent</li>
<li>Kotak Securities’ Shubhdeep Rakshit - 4.7 percent</li>
</ul>
<div>
<br>
The actual numbers will be released by the end of November. However, it’s safe to assume India’s GDP growth will languish at around 5 percent. SBI’s already revised its earlier projection of 6.8 percent to 5 percent.<br>
<br>
Listen to the podcast for the full story!<br>
<br>
Host: Sanjay Pugalia</div>

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<p>From in-depth interviews and carefully curated opinions to hard-hitting political analysis and even the latest movie reviews, check out News and Views!</p>
<p><em>Millions of listeners seek out <a href="https://bingepods.com/">Bingepods</a> (Ideabrew Studios Network content) every day. Get in touch with us to advertise, join the network or click listen to  enjoy content by some of India's top audio creators.</em><br><em><a href="mailto:studio@ideabrews.com">studio@ideabrews.com</a></em></p>
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