How India went from marginal uptick to slowest growth in 7 years

India's Q3 GDP performance of 4.7% would have been an improvement, had the Q2 data not been revised upwards. However, the slowing growth doesn't come as a surprise. Manufacturing has remained weak, exports falling and consumer demand and private investment have taken a hit. For FY20, GDP is now estimated to grow by a decade’s low of 5%.

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