The decline in economic growth momentum in October-December quarter of FY19 is likely to continue, largely owing to election related uncertainty, says a report. According to Dun and Bradstreet's (D&B) latest Economy Forecast, subdued consumption demand and election related uncertainty is expected to weigh on India's industrial production. D&B expects Index of Industrial Production (IIP) to be moderated by 1.0-1.5 per cent during March 2019. "There are concerns that the dip in the growth momentum in Q3 FY19 is likely to continue given the headwinds in the global economy and the various domestic issues," said Arun Singh, Lead Economist Dun & Bradstreet India. Singh further said that lower inflation is one of the indications for subdued demand. Currently, the election related uncertainty is expected to weigh on the economic activity. "Uplifting the domestic demand and resolving the issues in the strategic sectors like aviation, power and banking and non-banking financial ...
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