homephotos Newseconomy NewsIndia's economy slows, stalling once thriving manufacturing

India's economy slows, stalling once thriving manufacturing

SUMMARY

India's economy, once one of the fastest-growing in the world, is braking in a blow to the labour-intensive manufacturing sector. Growth slipped to 5 percent in the April-June quarter, the slowest pace in six years, and many economists believe that Prime Minister Narendra Modi's signature economic policies are at least partly to blame.

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By AP Sept 19, 2019 11:47:05 AM IST (Published)

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Daily wage labourers and construction workers wait to get hired on the outskirts of New Delhi. (AP Photo/Altaf Qadri)

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India's economy, once one of the fastest-growing in the world, is braking in a blow to the labour-intensive manufacturing sector. (AP Photo/Altaf Qadri)

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Indian daily wage labourers and construction workers jostle as a man, in red shirt, tries to hire them, on the outskirts of New Delhi. Confidence in the Indian economy is giving way to uncertainty as growth in the labour-intensive manufacturing sector has come to a near standstill, braking to 0.6 percent in the last quarter from 12.1 percent in the same period a year earlier. (AP Photo/Altaf Qadri)

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Daily wage labourers and construction workers wait in anticipation to get hired on the outskirts of New Delhi. (AP Photo/Altaf Qadri)

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Workers prepare packing of clutch buttons at an auto component manufacturing factory on the outskirts of New Delhi. (AP Photo/Altaf Qadri)

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A man drives a battery-operated rickshaw through a slum as unfinished residential housing projects are seen in the background in Noida on the outskirts of New Delhi. Growth slipped to 5 percent in the April-June quarter, the slowest pace in six years, and many economists believe that Prime Minister Narendra Modi's signature economic policies are at least partly to blame. (AP Photo/Altaf Qadri)

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A roadside vegetable seller waits for customers in Noida on the outskirts of New Delhi. (AP Photo/Altaf Qadri)

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A roadside fruit seller waits for customers as vehicles drive past in Noida. (AP Photo/Altaf Qadri)

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