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IHS Markit On GDP Growth: May fall below 5% this year

IHS Markit On GDP Growth: May fall below 5% this year India's real GDP growth this year is expected to be slightly below 5 percent, as the impact of stimulus measures will take time to filter through to the economy. IHS Markit has said the latest GDP data showed significant further moderation in the pace of economic growth with a key contributory factor being a slump in manufacturing output. The report also pointed to a high level of non-performing loans on the balance sheets of the public sector banks.

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