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Persistent economic slowdown

Flagging economic growth has dominated headlines for the most part of this year. While signs of a slowdown on account of demonetization, GST and the unrecoverable bad loans affecting banks’ power to lend were visible much earlier on, things appear to have become worse this year. From 6.6 percent GDP growth in October-December quarter of 2018 to 4.5 percent in the July-September quarter of 2019, the relentless downward spiral has gotten politicos and mandarins scrambling for a solution.

Top business news of 2019

On the economic front, this year hasn’t been particularly pleasant. Growth figures have disappointed, demand and consumption have remained weak and entire industries have gone downhill. To fix the grave problems, the government has rushed in with sops and booster packages for banks and industries. These were stuff that made headlines for most of 2019. Occasionally, there have been cheer worthy news too that rocked the nation.

With the year coming to an end, we present a recap of those.