India's economy grew at 5 per cent in the first quarter of 2019-20 -- the slowest pace in over six years.

Indian economy may have slowed for the sixth consecutive quarter in July-September to 4.7 per cent, India Ratings report said.

The Indian economy expanded 5 per cent in April-June, its slowest annual pace since 2013.

India's economic growth hit a six-year low of 5 per cent in the first quarter of the current fiscal.

India's economic growth has decelerated since mid-2018, with real GDP growth slipping from nearly 8 per cent to 5 per cent.

The government has raised this year’s budget deficit to 2.8 per cent of GDP from 2.6 per cent in 2018.

BRICS targets for investment and trade must be more ambitious and that he welcomes suggestions to further reduce trade costs, says PM.

Government of India has also proactively taken policy decisions in response to the global slowdown.

A credit crunch among non-bank financial institutions (NBFIs), have increased the probability of a more entrenched slowdown.

RBI and other regulators are looking at financial at it holistically, he said when asked about stress in the financial sector.