India's economic growth has slightly slowed in FY 2018-19

06 MAY,2019 | MEDC


 

India’s economic growth has slightly slowed in FY 2018-19. A finance ministry report has said that a declining growth of private consumption, a weak increase in fixed investments and subdued exports are some of the key reasons for the slowdown. The report added that despite all this, India continues to be the bright spot in the world economy. The fact is that the rupee has strengthened in the past few days following a fall in oil prices. A global slowdown could also be around the corner, as Chinese data continues to remain weak. However, the outcome of the election by the end of this month remains critical to the strength of the rupee. With domestic political stability, and the USA and China find common ground, one can expect the rupee to outdo other currencies in the region.

*Photo Credit: Google

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