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Economy under stress: Slowdown may spill over to FY21


The economy may be in the midst of a protracted phase of slowdown and the weakness could stretch into the next fiscal, as green shoots of a recovery in key indicators — from industrial production, exports and corporate sales to non-food credit growth — are barely visible.

Economists, who were earlier optimistic about a rebound in the September quarter itself, are now much less sanguine and believe growth didn’t hit the rock bottom in the three months through June; rather, it may have dropped below 5% for the first time since the last quarter of FY13 in the July-September period.

Even ...


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