Grammar. NEW DELHI: Congress will launch a 10-day agitation against economic slowdown after former PM Manmohan Singh on Thursday called it a “gloom … Since India has a vast informal economy, barely 2% of Indians pay income taxes. [ C or U ] the fact of not spending more money , using more resources , etc. slowdown: A period of slow economic growth, especially one that follows a period of robust growth. With the government sensing an economic slowdown, it increased expenditure by 19 per cent in 2017-18 and 13 per cent in 2018-19. Never miss a great news story! And the next one may be just two years away, predicts IHS Markit in a report published by the World Economic Forum (WEF). A slowdown in consumption demand, decline in manufacturing, inability of the IBC to resolve cases in a time-bound manner and rising global trade tension is impacting India, analysts say The article is based on “Cyclical or structural?Decoding the nature of India's economic slowdown” that was published in Business Standard on 3rd September. than you need to: The current slowdown in India's economic growth is now widely acknowledged. Collins. Unlike a recession, economic growth during a slowdown is not necessarily negative. Crisil has lowered its gross domestic product (GDP) forecast for this fiscal to 6.9%, 20 basis points lower than its earlier projection. A significant fall in spending generally leads to a recession. In India, the government expenditure accounts for around 10 per cent in the economy. Need to translate "economic slowdown" to Hindi? The economy has been underperforming for quite a while after the boom of the 2000s went bust. Unlike a recession, economic growth during a slowdown is not necessarily negative. Read Business News Headlines, Top Financial News and more. Its GDP grew at 5% in the first quarter of FY20, marking the slowest growth since the fourth quarter of FY13. slowdown: A period of slow economic growth, especially one that follows a period of robust growth. Overview of the basic concepts of Economics in simple language for easy understanding. To do a repeat, the government needs more money. It talks about the nature of the current economic slowdown and the way ahead. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock).This may be triggered by various events, such as a financial crisis, an external trade shock, an adverse supply shock or the bursting of an economic bubble. India is undergoing an economic slowdown. Economic definition: Economic means concerned with the organization of the money, industry , and trade of a... | Meaning, pronunciation, translations and examples. India’s economy is inarguably slowing, and the latest estimates from the Central Statistics Office disconcertingly point to a deepening slowdown. slowdown meaning in Hindi: गति कम करो | Learn detailed meaning of slowdown in Hindi dictionary with audio prononciations, definitions and usage. t’s been nearly 10 years after the last global financial crisis that plunged the world into an economic recession. Translator. But if the concepts are properly understood economics is fun. The principal economic advisor to the government says "the slowdown does not mean economic crisis" and it is "not as bad as the 2008 Lehman crisis."