Reported 1 day ago
India's economy faces a significant slowdown, raising doubts that its recent growth was anything more than a temporary bounce back. Current projections indicate a contraction to a four-year low of 6.4% growth, below the 8% needed for Prime Minister Modi's ambitious development goals. High inflation, decreased consumer spending, and declining corporate profits have contributed to investor pessimism, with predictions suggesting that consistent growth rates will remain far from the 8% average previously seen.
Source: YAHOO