India's economic growth is likely to remain moderate in the near future: report

New Delhi, December 2 () India's economic growth is expected to remain moderate in the near future, as the slowdown has deepened and is likely to continue longer than previously anticipated, according to a report.

According to a Dun&bradstreetreport,areboundinindustrialproductionwillonlybegradualastheinvestmentremainsmoderate.

inaddition,demandfromtheruralsectorislikelytoremainaffectedbyrecentfloodsandloweragriculturalproduction.

inaddition,mostsectors,fromtheautomobiletotherealestate,areunderstressandthisisreflectedintheprofitmarginsofcorporaterevenuesandgovernmentrevenues.

theenigmaoftheriseinnationalstockindicesinindia,theslowdowningrowth,theriseininflationandhighunemploymentpresentsacomplexchallengeforpolicymakers.theslowdownhasdeepenedandisnowexpectedtoextendmorethanexpected,saidarunsingh.chiefeconomistdun&bradstreetindia.

healsosaidthattoaddressthecurrentproblem,boththecenterandstategovernmentsshouldpreparetoexecutetheinfrastructureprojectsinprogress.

thiswouldprovideemploymentopportunitiesfortheruralandurbanpoor.secondly,itshouldworktoensurethatauditstandardsbecomestricter,singhsaid,addingthatboostingconsumptionseemsdifficultwhenincomesarenotgrowing,foodinflationisrisingandgovernanceproblemshaveincreased.inthebankingandnon-bankingsector.

strengtheningthetrustofstakeholdersintheecosystemwillbeoneofthebiggestchallengesforthegovernment; There are no easy solutions, Singh said.

India's GDP growth reached a minimum of more than six years of 4.5% in July-September 2019, mainly driven by the slowdown in manufacturing production and moderate activity in the agricultural sector, according to official data published on Friday . The GDP growth rate has moderated from the 5 percent rate in April-June and 7 percent in the July-September 2018 quarter. DRR BAL

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