Lowest GDP Growth Rate in 44 Years!
This will exert pressure on the government to reduce expenditure, which, in turn, will leave no fiscal headroom for extricating the country out of economic slowdown.
This year, the country's economic growth rate has been estimated at only 5%. At current prices, the growth rate will be only 7.5%, which is the lowest in 44 years. This will exert pressure on the government to reduce expenditure, which, in turn, will leave no fiscal headroom for extricating the country out of economic slowdown.
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