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Decline in theGrowth Rate
•India is developing country and growing with the rate of 6.6% per
annum but the growth rate has slows down in the month of august
which is declared by the ministry of India.
•Indian economy is trying to recover in the second quarter of the
financial year by less than 5%.
•Several surveys have also been taken place to analyses the future
growth rate but still the result is same for the growth forecasted by the
economists.
3.
Reasons for theEconomic Circes
•The inflation rate of the country is also increasing by 3%,
the most important and the fastest growing sector of Indian
economy is services.
•Trade, hotels, transport and communication; financing,
insurance, real estate and business services and community,
social and personal services account for more than 60
percent of GDP.
4.
Government Declaration
The governmenthas given the clear indication that the
economy is going to reach at its lowest level of growth
and they have also proclaimed that the measures are
been taken to reduce the losses in this economic
crises. They have also said that the next two months
are very critical and they are hoping for the economy
to bloom in the coming festive season.
5.
Government Declaration
The governmenthas given the clear indication that the
economy is going to reach at its lowest level of growth
and they have also proclaimed that the measures are
been taken to reduce the losses in this economic
crises. They have also said that the next two months
are very critical and they are hoping for the economy
to bloom in the coming festive season.
6.
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