Modi 2.0 & India economic challenges
Reviving the economy, The first challenge! Right with the Modi returned with version 2.0, India Ratings and Research (Ind-Ra) inked up: All Eyes on New Government to Revive Economic Growth. Dr. Sunil Kumar Sinha of Ind-Ra inks, after witnessing a quarterly slowdown during 1QFY17-1QFY18, India has witnessed another quarterly GDP growth slowdown fairly quickly, according to India Ratings and Research (Ind-Ra). The agency expects 4QFY19 GDP growth to decelerate to 6.3% from 6.6% in 3QFY19. There would be another four-quarter GDP slowdown, starting from 4QFY18. Thus, Ind-Ra expects FY19 GDP growth to be 6.9% as against the FY19 advance estimate of 7.0% (FY18: 7.2%). Clearly, FY19 will be the second consecutive year of an economic slowdown in India. Arresting the slowdown and reviving the economy will be the first challenge for the new government. Policy prescription will require a granular analysis of the ills plaguing the economy. In Ind-Ra’s opinion, the new government...