SBI slashes GDP growth forecast in second quarter to 4.2%
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The chances of growth in the Indian economy are looking very minimal as the State Bank of India report says that the second-quarter GDP growth may further lower down to 4.2% on low automobile sales, deceleration in air traffic movements, flattening of core sector growth and declining investment in construction and infrastructure. The GDP was already at the 6-year lowest of 5% in the first quarter.