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State Bank of India has said that India's GDP growth may slip to a record low of 4.2% in the second quarter amid low automobile sales, deceleration in air traffic movements, flattening of core sector growth and declining investment in construction and infrastructure. GDP growth of India has already hit a 6-year low of 5 per cent during June quarter of this fiscal (Q1FY20).
SBI cuts India's GDP growth forecast to 4.2% for Q2, 5% for FY20
SBI cuts India's GDP growth forecast to 4.2% for Q2, 5% for FY20