Indian Economy may hit decade’s low Growth(CSO)

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India’s economic growth rate may remain around five percent in the current financial year, according to the recent estimate of Central Estimation Office(CSO). It seems a bad news for the Indian government’s think tank as this growth rate will be the lowest in the current decade.


This slump in the Indian economy growth rate is mainly because of the slow growth rate of agriculture, manufacturing and services sector (5.2 percent) in the recent times. It will be slowest growth after the year 2002-03 when it is around four percent.

 

Although the financial minister P. Chidambaram informed that the government is keeping a close look on the situation and will take the desired steps if required. But experts are of the view that time is running out for those steps to be taken.


Industrial experts want that the government should fasten the reform process implementation effectively and timely if they want to push the growth rate upward.


The investors in the share market also need to take precaution while investing in it for long term as these levels doesn’t seem appropriate for the investment and it seems that market will take a rectification.


Overall, if the government wants to keep the economic growth rate on the right track then they have to take the certain desired steps on time and implement them effectively.

 

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