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Macro Matters | How bad is the current slowdown in the Indian economy?

Bank credit numbers give us an insight about the extent of the slowdown

August 19, 2019 / 01:45 PM IST
Macro Matters | How bad is the current slowdown in the Indian economy?

The headlines are screaming that car sales are at a 20-year low. Growth in the eight core sectors is near a 4-year low. Discretionary spending, according to the RBI’s survey of consumer confidence, is the lowest since September 2015. Several stock sector indices are at multi-year lows. All this data, taken together, paint a dismal picture of the economy. But is there one macro indicator that shows the extent of the slowdown across sectors? The numbers for Gross Domestic Product...

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