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GDP Growth 2024 Live: Slowdown in economic activity reflecting in data
According to Kunal Kundu, India Economist at Societe Generale, “The slowdown in India’s economic activity is eventually getting reflected in the GDP data despite clear evidence of it in various high frequency data led by persistently weakening domestic consumption. That said, rising deflator is equally responsible markedly slower growth now, unlike last year when the real GDP growth was artificially propped up by unusually low deflator.”
