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WBIL - Slow Growth And Souring Loans Hitting India Too
WBI BullBear Quality 1000
I understand from stock bulls that central banks have got all this under control. That's good, because even India, the world's fastest-growing large economy, has taken its growth rate estimate for the current fiscal year ending March 31 down to 5% - the slowest growth rate since 2009 and compared with a peak of 8.2% in 2017. See India's Modi faces a new challenge: a slowing economy:
…But Arvind Subramanian, a Harvard economist who served as Mr. Modi's chief economic adviser during much of his first term, has questioned whether the headline economywide measurements may