There’s bad news on the economic front – GDP rate has slipped drastically to 5 percent and inflation rate has soared. Despite the bold steps taken by the government to revive the economy of late, the desired results haven’t been achieved owing to a rather complex situation.

A few economists discern clear signs of a slowdown while other think it’s the beginning of an economic contraction – begging the question – Is India on the brink of an economic crisis?

Let's take a look at some numbers:

The projected GDP growth rate for the second quarter is 4.25 percent to 4.74 percent.

The actual numbers will be released by the end of November. However, it’s safe to assume India’s GDP growth will languish at around 5 percent. SBI’s already revised its earlier projection of 6.8 percent to 5 percent.

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Host: Sanjay Pugalia