India Has 5.0% GDP Growth Forecast for 2020 as Part of Asia-wide Slowdown

State Bank of India, the country’s largest lender, has predicted that India’s Gross Domestic Product (GDP) growth will drop to a record low of 4.2 percent 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. India GDP growth has already hit a 6-year low of 5 percent during June quarter of this fiscal (Q1FY20).

Indonesia’s economic growth has barely moved in three quarters, prompting some analysts to cast doubt over the data.

This means that China, India and Indonesia have GDP figures that are doubted by outside economists.

Economic growth in South-east Asia is forecast to ease to 4.5 percent in 2019 from 5.1 percent in 2018, before stabilizing at the same rate of 4.5 percent in 2020, British advisory firm Oxford Economics.

Vietnam is set to continue outperforming the rest of South-east Asia thanks to positive trade diversion effects, albeit with a moderation in its GDP growth to 6.7 percent this year, followed by a further slowdown to 6.3 percent in 2020.

Brian Wang

Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for insightful articles that combine business and technical analysis that catches the attention of the general public and is also useful for those in the industries. He is the sole author and writer of nextbigfuture.com, the top online science blog. He is also involved in angel investing and raising funds for breakthrough technology startup companies.

He gave the recent keynote presentation at Monte Jade event with a talk entitled the Future for You.  He gave an annual update on molecular nanotechnology at Singularity University on nanotechnology, gave a TEDX talk on energy, and advises USC ASTE 527 (advanced space projects program). He has been interviewed for radio, professional organizations. podcasts and corporate events. He was recently interviewed by the radio program Steel on Steel on satellites and high altitude balloons that will track all movement in many parts of the USA.

He fundraises for various high impact technology companies and has worked in computer technology, insurance, healthcare and with corporate finance.

He has substantial familiarity with a broad range of breakthrough technologies like age reversal and antiaging, quantum computers, artificial intelligence, ocean tech,  agtech, nuclear fission, advanced nuclear fission, space propulsion, satellites, imaging, molecular nanotechnology, biotechnology, medicine, blockchain, crypto and many other areas.