The GDP numbers for July to September 2019 will be published at 530pm today.
It will be interesting to see how much has GDP growth fallen. That it will be less than 5% is a given. Will it go to less than 4.5%?
Watch this space.
Why India's growth rate is shrinking rapidly

https://www.bbc.com/news/av/world-asia-india-50583731/gdp-why-india-s-growth-rate-is-shrinking-rapidly

My views on India's economic growth on the BBC.
जीडीपी के आंकड़े गिरेंगे या संभलेंगे

https://www.bbc.com/hindi/topics/cz74kjg12r8t

और बीबीसी हिंदी पे भी.
The GDP growth for July to September 2019 has come in at 4.5%.
This is how the GDP growth graph looks like over the years.
This is the slowest growth since January to March 2013, when the growth was at 4.3%.
The real GDP growth has been slowest in nearly six and a half years. Not a good sign at all.
Look the nominal GDP growth graph. This is very worrying.
Nominal GDP growth has collapsed to 6.1%. This is the lowest since January to March 2009, when it was at 5.55%. It's also the second lowest in the 15 years for which I have quarterly data.
This is the real chart of the GDP figures. The non-govt GDP growth, which has collapsed to 3.05%. The non-govt part of the GDP is around 87%. The slowest since January to March 2009.
This tells us that it's only the government spending which is driving the economy. In the July to Sep 2019, govt expenditure went up by 15.6% (in real terms).
Don't know why economists still keep asking the govt to spend more. They have been doing it for nearly three years now.
The investment growth has fallen to 1% during the three month period. Again a reflection of the fact that the private part of the economy is not going anywhere.
There has been some improvement in private consumption growth to 5.1% against 3.1% in the last quarter. But if I look at data over the last fourteen years, the consumption growth has been very slow.
As far as solutions are concerned, the economy is not like Maggi....bus do minute...
There are no instant solutions.
Monetary policy is dead.
Fiscal policy, the govt is already stretched to the ends.
Now what we need is genuine economic reform.
Not the band-aid type that solutions that FinMin comes up with every other week.
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