India's new economic council can weather lower growth
Two quarters of sub-6% growth have rasied worries ahead of 2019 elections after a problematic demonetisation effort
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In this article
- GST drove de-stocking
- Trade deficit widening
- Credit constraints
- Growth outlook cloudy
- Consumption could prove the saviour
- Spending
- Wages
- Low inflation and interest rates
- Rural prospects
- Economic weakness could hurt the government
- State elections indicate BJP gains
- Reforms led campaign promises
- The real test will come after 2019
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_350.jpg "A vendor at a market in Mumbai, India (Reuters/Danish Siddiqui)")