At 4.5%, Economy Grows at Slowest Pace in Over 6 Years : Times of India and The Economic Times


At 4.5%, Economy Grows at Slowest Pace in Over 6 Years : Times of India and The Economic Times
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Saturday, November 30, 2019
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Dear all,

Your association is forwarding herewith the article published in Times of India & Economic Times, Mumbai Edition dated 30.11.2019.

1. At 4.5%, Economy Grows at Slowest Pace in Over 6 Years :- The Economic Times, Mumbai Edition

India’s economy grew 4.5% in the July-September quarter, the slowest pace of expansion in over six years, raising expectations of further interest rate cuts when the Reserve Bank of India (RBI) reviews monetary policy next week. The government has already indicated its willingness to address sectoral stress.

Markets fell in anticipation of the muted growth numbers — the Sensex ended 0.82% down and the Nifty dropped 0.78% at the close…. TO READ THE FULL ARTICLE PLEASE CLICK HERE.

2. GDP growth falls below 5%, to 4.5%, lowest since March 2013 (Manufacturing Contracts 1% In July-Sept) : The Times of India, Mumbai Edition

The country’s economy grew at its slowest pace in 26 quarters or six-anda-half years in the July-

September period of the current fiscal year, dragged down by contraction in the crucial manufacturing sector, piling pressure on the government to unleash fresh measures to revive growth and lift sentiment.

Data released by the National Statistical Office (NSO) on Friday showed gross domestic product (GDP) grew by 4.5% in the September quarter, slower than 5% in the previous quarter and the lowest since the 4.3% expansion in the January-March quarter of 2012-13. …. TO READ THE FULL ARTICLE PLEASE CLICK HERE.

This is for your kind information.

Thanking you,
With regards,

For Silvassa Industries & Manufacturers Association,

Narendra Trivedi,
Secretary


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