The nation entered 2019 as world’s sixth-biggest economy poised to become the fifth. Instead, it has slipped a notch to seventh place as a collapse in consumption slowed gross domestic product growth to the weakest in six years. External shocks from trade wars to surging oil prices are exacerbating that pain. The RBI has lowered interest rates to a nine-year low.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/32RtpBe
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