Forecast puts GDP growth at 11-year low of 5%

印度2019-2020財年GDP增長率預測為5%，為11年來的最低水平

NEW DELHI: The economy is forecast to grow at its slowest pace in 11 years in 2019-20, dragged down by anaemic manufacturing, slowing services sector growth, as well as sluggish investment and consumption. With the Union Budget less than a month away, the dismal forecast will add pressure on the authorities to revive the economy.

新德里：受制造業疲弱、服務業增長放緩、投資和消費低迷的拖累，預計到2019- 2020年，印度經濟增速將降至11年來的最低水平。距聯邦預算公佈不到一個月，這一令人沮喪的預測將給當局重振經濟帶來壓力。

The National Statistical Office on Tuesday forecast GDP growth to be 5% in 2019-20, slower than the previous year's 6.8% and in line with the RBI estimate. If this growth is realised, then it would be the slowest since 3.1% posted in 2008-09 in the aftermath of the global financial crisis. Nominal GDP, which is the market value of goods and services produced in the economy but not adjusted for inflation, is estimated to grow at a42-year low of 7.5%.

Manufacturing is estimated to slow to 2% in 2019-20 from 6.9% the previous year while the services sector, which accounts for nearly 60% of the economy, is forecast to grow by 6.9%, slower than 7.5% in the previous year.

預計到2019- 2020年，製造業增速將從前一年的6.9%降至2%，而佔經濟近60%的服務業增速將為6.9%，低於前一年的7.5%。

GDP data points to weak investment in FY20

GDP資料顯示2020財年投資疲軟

Economists said there is a sharp decline in the growth of gross fixed capital formation (GFCF) from 10% in FY19 (revised estimate) to 1% in FY20 (advance estimate), reflecting the subdued investment activity in the economy.

經濟學家表示，固定資本形成總額(GFCF)的增長率從2019財年的10%(修正後)大幅下降至2020財年的1%(預估)，反映出投資活動低迷。

The go nment aims to rein in the fiscal deficit at 3.3% of gross domestic product in the current fiscal year but the pressure on revenues may widen the deficit. There have been calls for relaxing the deficit target to provide space for stimulus to the economy but the go nment has so far maintained that it will stick to the path of fiscal consolidation.

印度政府的目標是將本財年的財政赤字控制在GDP的3.3%，但財政收入的壓力可能會擴大赤字。有人呼籲放寬赤字目標，為刺激經濟提供空間，但印度政府迄今仍將堅持財政穩固之路。

Shaktimaan • 6 hours ago

GDP at 11 year low? Modi hai to mumkin hai!

印度GDP增速處於11年低點?

TEABOY is gujju • TEABOY is gujju • Delhi • 8 hours ago

No problem...10th std failed tea boy will inflate figures and forecast 10 trillion dollars economy

沒事，賣茶人會誇大資料，會預測印度經濟規模將達到10萬億美元

Nadeem Akram Shaikh • 6 hours ago

Real GDP is 2.8 only

印度實際GDP增速僅為2.8

VasaiKars M• 7 hours ago

Revised method of calculation govt is saying 5 percent. God knows real gdp.

修改演算法後是5%，天知道實際資料是多少

Sohail Rajwani • 7 hours ago

They said economy will grow by 10 percent they meant for ambani and adani lol , reliance shares were 400 RS in 2014 and now 1500 RS in 2020 that's called ache din murkho

他們說經濟增速將達到10%，他們指的是安巴尼和阿達尼的財富增速，信實的股價在2014年是400盧比，現在是1500盧比。

Yashodhan • Mumbai • 5 hours ago

11 year low but Modi wants it 70 year low and then start from Scratch.

11年低點，但莫迪想要70年低點，然後從頭開始。

Amit Kumar Sharma • Israel • 4 hours ago

Modi a failure

莫迪失敗了

Mohsin Sayed • Pune • 7 hours ago

Same people who voted for modi and his economics will bring on street and stone him ........

He is made India a joke

那些投票給莫迪的人會走上街頭，用石頭砸他

他讓印度成了一個笑話

Vivek • 3 hours ago

GDP is anti national, economy is anti national.

GDP是反國家的，經濟是反國家的。

Tamal Chaudhuri • 4 hours ago

5% is fudged. In reality we are at 3.5% if we compare to the old method. Gloom has set in as Lotus blooms

5%都是捏造的，實際上是3.5%

Abhijit Sharma • 5 hours ago

This is the worst go nment. Economy is in crisis, no jobs, high food inflation, extortion in the name of taxes, challan, rapes

這屆政府是最糟糕的。經濟危機，失業率高，通貨膨脹居高不下，稅收多如牛毛，實質上是在敲詐勒索，強姦案頻發。

Siddhartha • Bengaluru • 6 hours ago

And modi is not worried. He is enjoying, laughing, and thinking new plan to fool Indian citizens .

莫迪並不擔心，他很享受，正在思考忽悠印度公民的新計劃。

Rajender • New Delhi • 4 hours ago

The condition of economic is very grim

印度經濟形勢十分嚴峻

Anthony • goa • 3 hours ago

This number is fake, its gone below 4 percent

資料是假的，實際上印度GDP增速低於4%

Rajesh Vyas• 2 hours ago

who knows the real figure?

誰知道真實資料是多少?

Arun • 3 hours ago

No problem. Build temple implement CAA NRC. GDP will be back :P.

沒事，修寺廟，頒佈公民法修正案，印度GDP增速就能恢復。

Iqbal • Mumbai • 4 hours ago

with tension in the middle east, thanks to modi's friend trump ,oil prices are set to soars, the economy will be below 5% by year end.

中東局勢緊張，多虧了莫迪的朋友特朗普，油價將飆升，到年底印度經濟增速將低於5%。

srini • hyd • 2 hours ago

That's why Modi brought CAA.

所以莫迪才要出臺公民法修正案

Anjan Kesh • 3 hours ago

Citizens get the govt they deserve. You voted power hungry crooks like modi and goons like shah, what did you expect?

活該，這屆印度政府是你們投票選出來的。你們投票給了莫迪這樣的騙子，沙阿這樣的暴徒，還期待什麼?

Hemanta • 5 hours ago

India need to be solved this problem very quickly with great efforts.

印度需要付出巨大努力，儘快解決這個問題。

Dyubm • 3 hours ago

India has become a circus now. Enjoy it

印度現在成了一個馬戲團，好好享受吧