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MPC sees further slowdown in growth
Why is it in the news ?
- The Monetary Policy Committee(MPC) has shown a concern over the growth slowdown.
- It will make them to keep rates soft as long as required.
More in the news
- Observations of MPC:
(1) The economic activity remained weak in Q2-FY 19.
(2) Private consumption
(3) Investment demand remained weak.
(4) The slowdown in industrial activity that began in Q2-FY19 accentuated in Q1-FY20 with manufacturing growth moderating to 0.6%.
(5) Services sector activity also remained weak in July-August.
(6) Key indicators of both rural demand—tractors and motor cycles sales, and urban demand such as passenger vehicles sales contracted in July-August.
Source
The Hindu.