Monitory policy needs to be improved for fast economic growth: Economic expert Arvind Virmani

31 Aug 2019 06:42 PM

Monitory policy needs to be improved for fast economic growth: Economic expert Arvind Virmani

Updated 31 Aug 2019 06:42 PM

Severe slowdown in manufacturing activity in the country pulled India's GDP growth rate in first quarter (Q1) ended June down to 5 per cent, marking the fourth successive quarter of decline in growth on the trot.
From 8 per cent during Q1 of 2018-19 to 5 per cent in this quarter, the GDP has fallen by three per cent in barely a year.
On a sequential basis, the growth rate came lower than the 5.8 per cent in Q4 of 2018-19.

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