India’s GDP may slow down as against current growth rate in the next fiscal due to increasing inflation, global recession and unfavourable condition in the normal monsoon conditions


Growth in tax collections is expected to decline as GDP growth moderates, with a further loss of revenues because of the recent duty cuts

The government has taken several measures to tame inflation that include the cut in duty in edible oil import. But despite these measures, the inflation would continuously put pressure on the growth rate. However, domestic private consumption demand would provide some support while the external demand would decline due to global recession.


The price rise in all essential commodities is growing across the globe. The condition of food grains is very critical in the world especially in African sub-continent

The price of crude oil has also crossed the 107$ mark per barrel while the price rises of steel, gold and other commodities are skyrocketing. All these would put huge pressure in the growth rate of India.

The growth rate in industry and service sector will also slow down to 8% and 9.8% respectively while Agriculture growth may rises in the favourable monsoon condition from current 2% to expected 3%