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South Asia Focus – World Bank Report
October 29 , 2019
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- In its latest edition of the South Asia Economic Focus, the World Bank has said that India's growth rate is projected to fall to 6 per cent this fiscal (2019-20).
- Domestic demand has slipped in India, with private consumption growing 3.1 per cent in the last quarter from 7.3 per cent a year ago.
- Manufacturing growth plummeted to below 1 per cent in the second quarter of 2019 compared to over 10 per cent a year ago.
- It added that Bangladesh and Nepal are estimated to grow faster than India in 2019 and overall growth in South Asia is projected to slow down.
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