India Growth Likely Plummeted to Around 4.7% in 3Q, Economist Says

The video discusses the current economic slowdown, highlighting a decline in growth to 4.7%, the lowest in 26 quarters. It examines the impact on various sectors, particularly the consumption cycle, and the challenges faced by corporate India in accessing funds. The discussion also covers the role of NBFCs in credit offtake and the tightening financial conditions despite RBI's rate cuts. The video concludes with future growth projections, expecting a shallow recovery with growth around 5.1% to 5.2%, lower than RBI's previous estimate of 6.1%.

What is the current growth rate mentioned in the video, and how does it compare to the past 26 quarters?

• 6.1%, the highest in 26 quarters

• 4.7%, the highest in 26 quarters

• 6.1%, the lowest in 26 quarters

• 4.7%, the lowest in 26 quarters

What is one of the main reasons for the lack of demand in the economy?

• High inflation rates

• Benign inflation indicating low demand

• Increased investment in infrastructure

• Rising commodity prices

How has the NBFC sector contributed to the economic situation?

• By increasing investment in rural areas

• By struggling to expand balance sheets, affecting consumption

• By reducing interest rates significantly

• By increasing employment opportunities

What is the predicted growth rate for the year according to the video?

• 6.1% to 6.5%

• 7.0% to 7.5%

• 5.1% to 5.2%

• 4.0% to 4.5%

What factors are expected to help improve growth in the coming quarters?

• Rising global commodity prices

• Higher consumer spending

• Base effect and policy measures

• Increased foreign investment