Economists are predicting growth could slow, and come in between 4.3% and 4.7% as the country faces a number of challenges.
from "stable" to "negative," and cited growing risks that economic growth will remain "materially lower than in the past."Economists predicted that India's growth slowdown may bottom out by the end of 2019 and that it could see a gradual "stimulus-led" recovery in 2020, driven by a revival in consumption.. Finance Minister Nirmala Sitharaman also sought parliamentary approval on Thursday to spend another $2.7 billion in addition to a budgeted 27.
While the central bank is doing its part to boost the economy, it faces a problem with its transmission mechanism because Indian banks are hesitant to lend. They're struggling with large volumes of non-performing assets that are putting pressure on their balance sheets, which makes them reluctant to pass on the RBI's rate cuts to consumers.
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