Slowdown Saga: Manufacturing downturn pulls Q2 GDP growth to 4.5%


New Delhi, Nov 29 (IANS): A massive contraction in manufacturing, agriculture and mining activity pulled India's GDP growth rate down to 4.5 per cent in the second quarter ended September 2019-20.

This is the fifth successive quarter of decline and the slowest GDP growth rate over six years. The growth on a year-on-year basis during Q2 2018-19 had stood at 7 per cent.

On a sequential basis, the growth rate came lower than the 5 per cent in Q1 of 2019-20, 5.8 per cent in Q4 2018-19, 6.6 per cent in Q3 2018-19.

At present, India's economy faces a severe demand slowdown on account of high GST rates, farm distress, stagnant wages and liquidity constraints.

This trend of subdued consumption, referred to as slowdown is being cited by economy watchers as the prime reason for the successive fall in GDP growth rate.

Consequently, all the major sector's including automobile, capital goods, banks, consumer durables, FMCG and real estate have been heavily battered.

In terms of production, the output of manufacturing, mining and electricity generation among others have plunged causing job losses.

 

  

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  • roshan, bengaluru

    Sat, Nov 30 2019

    GDP down ......no worry for Bhakts. They have nothing to lose. There are all jobless people anyway.

    DisAgree Agree [17] Reply Report Abuse

  • Andrew, Mangalore

    Sat, Nov 30 2019

    Modi has been proved wrong. Hard work by uneducated BJP leaders is not more important than Harvard.

    DisAgree Agree [10] Reply Report Abuse

  • Arun, Mangalore

    Sat, Nov 30 2019

    Now Modi and Excellency Super power Finance minister, cannot sale pacoda also because Onions prices very high..

    DisAgree Agree [25] Reply Report Abuse

  • Krishna Dasa, Udupi,.

    Sat, Nov 30 2019

    We will sell everything including Gold from RBI, Mangala sutra from our women to NRI Gujrathis, Marwaris & Shindis and use all the proceeds from the sale to build grand Temples, Masjid's & Churches and offer non stopping endless prayers with multiple coconuts, Chadders and candles to all gods to help us to have upwards positive numbers in GDP, Stock market numbers and Economy.

    DisAgree Agree [12] Reply Report Abuse

  • Clifford, Mangalore

    Fri, Nov 29 2019

    I have said this before many times about economy under BJP is a total failure. People running the country have no idea about economics. Idiot ministers are saying that economy is ok because trains are running full and people are marrying. When famous economists advised about economy BJP criticised them. Until now they distracted people with Ram mandir slogan for last 8 years. Communal disharmony and lynching was carried out fearlessly in the name of cow. State governments were brought down by bribing greedy and corrupt MLA’S. yet people fell for their empty slogans shouted with hands up in the air. Shame is people after all this vote on religion and cast based systems while poor are starving. Soon we will end up like Pakistan going round with begging bowl .

    DisAgree [1] Agree [34] Reply Report Abuse

  • Sagar shetty, Kottara chowki

    Fri, Nov 29 2019

    Not just india world economy is on a slowdown last quarter growth being 3% the lowest level since 2012.. We r very much part of the world economy n not isolated..

    DisAgree [45] Agree [4] Reply Report Abuse

  • Rolf, Dubai

    Fri, Nov 29 2019

    But India is No 1 in cow matha flesh export.

    DisAgree [3] Agree [35] Reply Report Abuse

  • MM, Mangalore

    Fri, Nov 29 2019

    Height of the andhbhakhthi. Cuz of you few blind worshippers whole India is suffering. Interesting to watch how long you people keep defending the spineless govt. FYI, Currently GDP of Bangladesh, Pakistan is better than India. Be prompt in homework.

    DisAgree [2] Agree [31] Reply Report Abuse

  • T.Dsilva, Udupi

    Sat, Nov 30 2019

    SAgar, But, Pakistan and Bangladesh are in the same world, and they are better than India,in GDP rate.

    DisAgree Agree [4] Reply Report Abuse

  • Sagar shetty, Kottara chowki

    Sat, Nov 30 2019

    Mr.T.Dsilva USA is also in the same world and USA GDP growth rate is 2.1% less than pakistan bangladesh n srilanka...

    DisAgree [4] Agree Reply Report Abuse

  • dylan, Mangalore

    Fri, Nov 29 2019

    PM should stop foreign trips or at least reduce the foreign trips. The Modi Govt. is only fooling people.

    DisAgree [1] Agree [26] Reply Report Abuse

  • Rajesh, Udupi

    Fri, Nov 29 2019

    Bakths please dont blame congress for this.Please accept the fact that current government has done many mistakes.our economy is run by many uneducated finance minister and RBI government whom you can call only puppets of the central government.people have been brain washed with Hindu-muslim, India -Pakistan, national-Anti national . Lot of money has been spend by Donkeys(leaders) on Horse trading to gain power.Nobody is bothered about the real economy nor they understand it.almost 6 years they are busy in marketing for their party and blaming congress.Times has come for people to understand in our country people are greedy for power to loot.we were slaves of British but looking at the current scenario country will be sold to Gujarathis and common citizen will pay the price.and we blind bakths busy is praising our PM no matter he fails 1000 times.

    DisAgree [1] Agree [32] Reply Report Abuse

  • Sagar shetty, Kottara chowki

    Fri, Nov 29 2019

    Not just india global economy is on a slowdown last quarter growth at 3% the lowest level since 2012.. We r very much part of the world economy n we can't be isolated...

    DisAgree [26] Agree [2] Reply Report Abuse

  • T.Dsilva, Udupi

    Sat, Nov 30 2019

    Mr. Sagar, The GDP growth rate of Pakistan, Bangladesh and Sri Lanka is better than India. but you are blind to the facts and happy ,

    DisAgree Agree [6] Reply Report Abuse

  • Raining, Udupi /KSA

    Fri, Nov 29 2019

    Who’s still waiting for 15lacs in there accounts??? Aache din Aane wale hai bhaiyoooo aur behnooooo...

    DisAgree [3] Agree [18] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Fri, Nov 29 2019

    Blind Bhakts will be Singing & Dancing ...

    DisAgree [3] Agree [36] Reply Report Abuse

  • Anonymous, Mangalore

    Fri, Nov 29 2019

    Indian economy is only for Adani and Ambani group...

    DisAgree [4] Agree [36] Reply Report Abuse

  • Moshu, Mangaluru

    Fri, Nov 29 2019

    Which means kuch dino me desh WASIYON ko ZOR ka jhatka zor se lagne wala hai. Be prepare for it.
    1. Further increase in govt debt (surplus)
    2.Further closure of companies, industrial sector and farming sector.
    3. Million of more job in endanger cause further increase in
    unemployment rate.
    4. More sufferings for common man due to record high inflation rate.

    These has to be happened when the elections are won over communal agenda instead development. Adi Godrej, the chairman of Godrej group once said the revival of Indian economy will become stable only after hatred politics is given up.

    DisAgree [2] Agree [18] Reply Report Abuse

  • Jeevan, Kudla

    Fri, Nov 29 2019

    2013 our GDP was 4.3 under great Manmohan Singh...

    DisAgree [31] Agree [4] Reply Report Abuse

  • Deshbhakht, Mangalore

    Fri, Nov 29 2019

    Yes. In 2014, Mr. Modi promised to bring it to 8 - 9% so Indians voted for him with dreams of economy lifting higher.

    This where we have reached after seven years - back to square 1

    DisAgree [1] Agree [17] Reply Report Abuse

  • Rakesh, Mangalore

    Fri, Nov 29 2019

    Indians Voted Chaiwala and DAKU to destroy Indian economy. Now enjoy the results.

    DisAgree [4] Agree [33] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Fri, Nov 29 2019

    On a lighter side..., for the past couple of years..., the Democracy become by the jokers..,to the jokers.., and for the jokers....!!!!

    lol...!!!

    DisAgree [2] Agree [24] Reply Report Abuse

  • ca girishkk, m'lore/dxb

    Fri, Nov 29 2019

    For me even 4.5% itself is a surprise.., I really wonder how this 4.5% is adding up to.., when every house hold expenses is come down by at least 30%-40% across Hindustan....,

    Nice to see..., jokers jumping..,

    DisAgree [2] Agree [29] Reply Report Abuse

  • Evans C. Sumitra, Udupi/ New York, USA.

    Fri, Nov 29 2019

    This is very bad for growth of India in many ways. We have only heard of big talks but no sign of growth. Who is responsible for this downfall? This will have long lasting effect on the working class and poor people.

    DisAgree [1] Agree [16] Reply Report Abuse

  • Krishna Dasa, Udupi,.

    Sat, Nov 30 2019

    Evans C. Sumitra, Udupi/ New York, USA.

    You are asking Who is responsible for the economic down turn in India ?

    Answer for your question is

    (1) Exporters are keeping all the profits from the export in foreign countries and investing it in New York Stock exchange and not bringing profit back to India.

    (2) Industrialists and business people taking loan from Indian Banks and converting it in to Dollars and immigrating to USA and other developed countries and Government is writing up bad loans.

    (3) Politicians and Government workers taking bribes from Government contracts and sending families/Children with money to foreign universities to make Foreign countries grate.

    DisAgree [1] Agree [4] Reply Report Abuse

  • Dsouza, Mudarangadi /Udupi

    Sat, Nov 30 2019

    These happens because of poor economic policies, each and every voter of this country is responsible for this crisis. We elect uncapable policy makers to rule us. Now the result is this. What is use in blamining leadets, we only made them to sit there.

    DisAgree Agree [3] Reply Report Abuse

  • Allen, Mangalore

    Fri, Nov 29 2019

    Big thanks to the bunch of illiterates running the Country and the people for voting them to power😠

    DisAgree [1] Agree [41] Reply Report Abuse

  • pradeep, mangalore

    Fri, Nov 29 2019

    Not just illiterates running the country,the educated fools voting for them too just like recent MCC polls.

    DisAgree [3] Agree [32] Reply Report Abuse

  • Nice, Mangalore

    Fri, Nov 29 2019

    .
    Guess our government has not yet received this news as its just Announced $450 Million Line Of Credit To Sri Lanka

    Which is Mine and Your money

    :(
    .

    DisAgree [1] Agree [24] Reply Report Abuse

  • G R PRABHUJI, MANGALORE

    Fri, Nov 29 2019

    Expected. No surprise. They are fit to construct Statues, Temples, Foreign tours, and splitting the 70 years unity of this country.

    DisAgree [4] Agree [57] Reply Report Abuse

  • Arun, Mangalore

    Fri, Nov 29 2019

    Now people should think Big Noisy PM is better or Salient PM is better?
    Now Big Noisy PM not opening the Mouth regarding the GDP many companies are shouting down people loosening JOB and Onion price gone now no one opening the Mouth.

    DisAgree [1] Agree [50] Reply Report Abuse

  • Charles D'Mello, Pangala

    Fri, Nov 29 2019

    GDP has comedown mainly because of Manufacturing, 5 years back BJP slogan was "Make in India".....what to make..pakoda..??? Ease of making business was another one and hence manufacturing has come down. This election our P.M has stated that by 2024, we will be 5 trillion economy...!!!!!! Just by fooling the people indian economy will not go up...!!!???? But still there are stupid who believe in his talks of 5 trillion economy by 2024. Even if he sells whole India to some one it may not happen. In fact it will never happen in his life time.

    DisAgree [1] Agree [38] Reply Report Abuse

  • Amaze, Karkala

    Fri, Nov 29 2019

    Demonetisation effects still there ..when will Ahankar party admit to this ...Manmohan Singh was right ...in the long run we are all dead ...

    DisAgree [4] Agree [66] Reply Report Abuse


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Title : Slowdown Saga: Manufacturing downturn pulls Q2 GDP growth to 4.5%


 
 
 
 

 
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