Economic Slowdown 2019

Timelines
IMF chief says growth slowdown in India is temporary

24 Jan 2020

IMF chief says growth slowdown in India is temporary

The chief of the International Monetary Fund, Kristalina Georgieva, said on Friday that the economic slowdown in India is temporary.

India's GDP growth falls to 4.5%, lowest in 6.5 years

29 Nov 2019

India's GDP growth falls to 4.5%, lowest in 6.5 years

The Centre released India's gross domestic product for the second quarter of the fiscal year 2019-20.

Union Minister Ravi Shankar Prasad withdraws 'no economic slowdown' comment

13 Oct 2019

Union Minister Ravi Shankar Prasad withdraws 'no economic slowdown' comment

Union Minister Ravi Shankar Prasad on Sunday withdrew his controversial statements from the day before wherein he cited the box office performance of three films as proof that India's economy is stable.

Enough jobs, but candidates from North-India lack skills: BJP leader

15 Sep 2019

Enough jobs, but candidates from North-India lack skills: BJP leader

The ruling BJP-led central government's blame-game over the ongoing economic slowdown does not seem to end.

Piyush Goyal says Einstein "discovered" gravity. Internet can't stop laughing!

12 Sep 2019

Piyush Goyal says Einstein "discovered" gravity. Internet can't stop laughing!

Albert Einstein, the greatest physicist of all time, once said, "Only two things are infinite, the universe and human stupidity, and I'm not sure about the former."

Is auto industry going through worst crisis? Data says yes

09 Sep 2019

Is auto industry going through worst crisis? Data says yes

As the Indian auto industry undergoes a crisis amid a broader economic slowdown in India, automobile sales dropped sharply in August, the worst decline since 1997-98.

Manmohan Singh blames Modi's 'all-round mismanagement' for economic slowdown

01 Sep 2019

Manmohan Singh blames Modi's 'all-round mismanagement' for economic slowdown

Former Prime Minister Dr. Manmohan Singh hit out at the Narendra Modi government on Sunday amid the ongoing economic slowdown.

Government eases FDI norms for single-brand retail, digital-media, coal mining

28 Aug 2019

Government eases FDI norms for single-brand retail, digital-media, coal mining

Union Cabinet ministers Piyush Goyal and Prakash Javadekar held a press conference in the capital, following a meeting on Tuesday, concerning economic growth.

Finance Minister Nirmala Sitharaman addresses media: Here are key takeaways

23 Aug 2019

Finance Minister Nirmala Sitharaman addresses media: Here are key takeaways

Union Finance Minister Nirmala Sitharaman today addressed the media in the capital, over growing concerns of economic slowdown.

Parle sales drop amid economic-slowdown; 10,000 employees may be laid-off?

21 Aug 2019

Parle sales drop amid economic-slowdown; 10,000 employees may be laid-off?

India's leading biscuit maker, Parle Products Pvt. Ltd. may have to lay off up to 10,000 of its employees, as economic growth continues to slow down, a company executive said yesterday.

Taj Hotel chain plans to sell assets amid economic slowdown

10 Aug 2019

Taj Hotel chain plans to sell assets amid economic slowdown

The Tata Group's luxury hotel chain is looking to lighten itself by some assets amid an imminent drop in consumer spending due to the economic slowdown.

NITI Aayog CEO says 'too many reforms' behind economic slowdown

03 Aug 2019

NITI Aayog CEO says 'too many reforms' behind economic slowdown

Recently, data compiled by the World Bank revealed that India slipped to the 7th spot in the global GDP rankings of 2018.