Business Standard

FinMin's claim of slowdown having bottomed out has analysts divided

Some analysts point to raw data available for the festive season and say any meaningful recovery is still to come

Illustration: Binay Sinha

Illustration: Binay Sinha

Arup Roychoudhury New Delhi
Following the release of the gross domestic product (GDP) data, the finance ministry on Friday said slowdown had bottomed out and it expected a gradual recovery from the October-December quarter onwards.

Economists and analysts are, however, divided — some agreeing with the Centre’s assessment, others claim the economy will continue to slow for a while.

In a briefing after the data was released, Economic Affairs Secretary Atanu Chakraborty and Chief Economic Advisor Krishnamurthy Subramanian both insisted that the fundamentals of the economy continued being strong and an uptick in GDP was expected soon.

“We are saying again that the fundamentals

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First Published: Nov 29 2019 | 9:16 PM IST

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