08 January, 2020
3 Min Read
Syllabus subtopic: Indian Economy and issues relating to planning, mobilization of resources, growth, development and employment.
Prelims and Mains focus: about the recent economic slowdown in the Indian economy and the measures to be taken to overcome it in the upcoming budget
News: India’s economy is expected to grow 5% in the current fiscal, the statistics ministry said on Tuesday, signalling what would be the slowest pace of annual growth since the current 2012-13 data series was introduced.
Context: The advance estimate, based on data available so far, comes as the Narendra Modi administration prepares to present the Union budget for FY21 in a matter of weeks. The latest figure may prompt the government to explore more steps to bolster growth.
What does the data show?
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