ForumIAS LATEST
- SFG FRC 2027 | Program starts from 19th Dec. 2026 | Admissions open for Entrance Test Click Here to know more →
- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- [Pre-order] Ethics Redbook 3rd Edition: Delivery starts from 10th October onwards Click Here to Read More →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 11th Oct. Click Here to Read More →
- According to the Finance Ministry’s report,the Indian economy has slowed down slightly in 2018-19.The slowdown is due to (a)declining growth of private consumption (b)tepid increase in fixed investment and (c)muted exports.
- Further,the report has said that Indian economy needs to reverse the slowdown in growth of agriculture sector and sustain the growth in industry.
- The report has also noted that current account deficit is set to decline as the decrease in imports has reduced the trade deficit.Current account measures the flow of goods,services and investments into and out of the country.Current account deficit takes place if the value of the goods and services we import exceeds the value of those we export.
- The report said that inflation has come down which has created a room for repo rate cut.However,reduction in the key short-term lending rate or repo rate announced by the Reserve Bank of India have so far not led to a decline in commercial lending rates offered by the banks.
- The report also observed that the private consumption has also declined due to drop in the growth of two-wheeler sales towards the end of the year



