For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.8 per cent compared to the 7.5 per cent a year back.
GDP growth slowed down to more than six-year low of 4.5 pc in second quarter of current fiscal from 5 pc recorded in first quarter.
The economy is expanding well below the rate needed to generate enough jobs for the millions of young Indians.
Govt is committed for further reforms in sectors such as banking, mining, insurance among others said FM Sitharaman.
GDP growth slowed sharply to a pace of 4.5 per cent in the July-September, hit by a slump in manufacturing output.
PM Narendra Modi has taken various measures since 2014 to boost economic growth, including cutting the corporate tax.
The government has pegged its total expenditure for 2019-20 at Rs 27.86 lakh crore.
The Gross Domestic Product (GDP) growth was registered at 7 per cent in the corresponding quarter of 2018-19.
Output of eight core infrastructure industries had contracted by 5.1 per cent in September, the lowest in the decade.
PM Modi’s govt has taken several steps, including cutting corporate tax in Sept, to boost investments and bolster economic growth.