{"id":86344,"date":"2019-11-13T16:10:22","date_gmt":"2019-11-13T10:40:22","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=11544"},"modified":"2019-11-13T16:10:22","modified_gmt":"2019-11-13T10:40:22","slug":"explained-why-sbi-expects-indias-q2-gdp-to-grow-by-just-4-2","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/explained-why-sbi-expects-indias-q2-gdp-to-grow-by-just-4-2\/","title":{"rendered":"Explained: Why SBI expects India\u2019s Q2 GDP to grow by just 4.2%"},"content":{"rendered":"\n<p><strong>News:<\/strong>According to State Bank of India Ecowrap report,India\u2019s GDP growth will slow down further in the second quarter(July to August),2019 to 4.2%.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Highlights of the report:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The report has forecasted GDP growth rate at 5 percent for FY 2019-20 from the earlier projection of 6.1 percent.<\/li><li>The slowdown in growth will be due to (a)low automobile sales, (b)deceleration in air traffic movements (b)flattening of core sector growth and (c)declining investment in construction and infrastructure.<\/li><li>It also underlines the adverse impact due to excessive rainfall related flooding and the ongoing global economic slowdown.<\/li><li>However,the report has said that the economic growth rate will pick up pace in 2020-21 to 6.2 percent.<\/li><\/ul>\n\n\n\n<p><strong>Suggestions:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The report expects the Reserve Bank of India(RBI) to cut rates further when the Monetary Policy Committee meets in December,\u00a02019.<\/li><li>However,the report has said the rate cut is unlikely to lead to any immediate impact.<\/li><li>The report has also suggested the government to bring lasting solution for the Non banking financial Companies(NBFC) to ensure the stability of the financial system.<\/li><\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>News:According to State Bank of India Ecowrap report,India\u2019s GDP growth will slow down further in the second quarter(July to August),2019 to 4.2%. Facts: Highlights of the report: The report has forecasted GDP growth rate at 5 percent for FY 2019-20 from the earlier projection of 6.1 percent. The slowdown in growth will be due to&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/explained-why-sbi-expects-indias-q2-gdp-to-grow-by-just-4-2\/\">Continue reading <span class=\"screen-reader-text\">Explained: Why SBI expects India\u2019s Q2 GDP to grow by just 4.2%<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3526,856],"class_list":["post-86344","post","type-post","status-publish","format-standard","hentry","category-economy","tag-gdp-growth-rate","tag-sbi","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700789875,"cached_date":1704685811},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86344","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86344"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86344\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86344"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86344"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86344"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}