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Business EconomyPosted at: Feb 1 2025 12:24AM


India's growth rate declining: Economist D S Kate

Chhatrapati Sambhajinagar Jan 31 (UNI) The country's growth rate is declining and its GDP will slow down in the 2025-26 financial year, prominent economist and social worker D S Kate said on Friday.
In a media statement, Kate said India will have to maintain an average growth rate of eight percent for at least two decades to achieve the goal of a developed India.

He said that a few salient points presented by Finance Minister Nirmala Sitharaman in the Pre-Budget Economic Survey were directed at the country's economic health as a picture of the country's economic status, industrial trade income and growth rate.
An analysis of the future direction of the economy "the development rate of the country is falling," he said.
Kate said there is a terrible contradiction between the picture of the country's development seen on the media and television and the message that is coming from the actual economic survey report.
He said at the same time, overall industry and business have been affected because of the recent elections of the Central government and that of the economically strong state of Maharashtra,
Overall, while the economy is slowly getting back on track, the developments taking place at the international level have a largely adverse impact on the Indian economy today.
Because of the shocking international trade policies of the newly elected US President Donald Trump, as well as the changing rules for the countries that have friendly relations with the US, very bad and dangerous effects are felt at the international level as well as in India, he added. UNI VKB SSP
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