Union Oil Minister Dharmendra Pradhan said that the current economic slowdown is "temporary" and a result of the ongoing US-China trade war. The fall in the GDP growth is "cyclical in nature," he added. His statement comes after official data on Friday showed that India's GDP growth fell to a 6.5-year low of 4.5% in the July-September quarter.
Union Oil Minister Dharmendra Pradhan said that the current economic slowdown is "temporary" and a result of the ongoing US-China trade war. The fall in the GDP growth is "cyclical in nature," he added. His statement comes after official data on Friday showed that India's GDP growth fell to a 6.5-year low of 4.5% in the July-September quarter.
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