India at 4.5%: Why the current economic situation may get worse

Those who thought that India's GDP growth bottomed out during the last quarter were in for a surprise when the second quarter's 2019 released - India's GDP is less than 5% for the first time in 6.5 years. Unfortunately, for the Modi govt, there maybe more bad news in store for them.

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Sources:

1. Introduction
https://timesofindia.indiatimes.com/business/india-business/indias-growth-slumps-to-over-6-year-low-of-5-in-june-qtr-below-chinas/articleshow/70914221.cms
https://economictimes.indiatimes.com/news/economy/indicators/gdp-growth-slips-to-4-5-in-september-quarter-slowest-expansion-in-26-quarters/articleshow/72293669.cms
https://twitter.com/ndtvvideos/status/1199673104932515841?s=20
https://indianexpress.com/article/opinion/columns/a-different-downturn-gdp-growth-economic-slowdown-6143309/
https://thewire.in/agriculture/modi-government-farmer-income

2. How bad is bad?
https://asia.nikkei.com/Opinion/India-s-GDP-growth-figures-are-hard-to-trust
https://economictimes.indiatimes.com/news/economy/arvind-subramanian-defends-his-gdp-overestimation-argument/articleshow/70161791.cms?from=mdr
http://www.ipsnews.net/2019/10/india-stopped-growing-imf-world-bank-say/
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3311951
https://www.newslaundry.com/2019/11/16/nsoreport-5-takeaways-on-modi-governments-latest-trickery-with-economic-data

3. Bad news: Inflation and Jobs
https://economictimes.indiatimes.com/markets/expert-view/high-inflation-was-a-big-red-in-the-upa-2-report-card-p-chidambaram/articleshow/65498119.cms?from=mdr
https://www.indiatoday.in/mail-today/story/pockets-hit-by-big-spike-in-onion-prices-1623161-2019-11-28
https://www.indiatoday.in/trending-news/story/thieves-steal-onions-worth-rs-50k-from-bengal-shop-owner-finds-biggest-surprise-in-cash-box-1623261-2019-11-28
https://www.indiatoday.in/india/story/onions-lead-to-fist-fights-in-up-1608252-2019-10-11
https://www.indiatoday.in/business/story/govt-may-extend-onion-export-ban-to-february-to-cap-domestic-prices-1620589-2019-11-19
https://www.thehindubusinessline.com/economy/agri-business/mmtc-places-order-for-6090-tonnes-of-onion-from-egypt/article30078530.ece
https://theprint.in/india/governance/ib-raw-ed-and-income-tax-dept-get-sos-from-modi-govt-to-help-check-soaring-onion-prices/323137/

4. Governance problems
https://thewire.in/economy/finance-minister-nirmala-sitharaman-rolls-back-fpi-tax-budget
https://www.bbc.com/news/business-49764964
https://www.thehindubusinessline.com/economy/2000-note-is-the-preferred-mode-for-unaccounted-cash-says-govt-data/article30019206.ece
https://economictimes.indiatimes.com/markets/stocks/news/indians-are-going-to-the-movies-to-escape-slowing-economy-cinema-owner-says/articleshow/71497335.cms?from=mdr
https://www.thehindu.com/news/national/maths-never-helped-einstein-discover-gravity-piyush-goyal/article29399249.ece
https://www.news18.com/news/politics/no-economic-crisis-as-three-movies-earned-rs-120-crore-on-releasing-day-union-minister-rs-prasads-bizarre-claim-2343371.html
https://www.thehindu.com/news/national/maths-never-helped-einstein-discover-gravity-piyush-goyal/article29399249.ece
https://www.ndtv.com/india-news/nirmala-sitharaman-ola-uber-comment-on-auto-crisis-triggers-boycottmillennials-twitter-trend-2099251

5. What can the govt do?
https://economictimes.indiatimes.com/news/economy/finance/tax-collection-misses-target-by-a-wide-margin-inches-up-4-7-in-april-september/articleshow/71189819.cms?from=mdr
https://economictimes.indiatimes.com/news/economy/policy/cabinet-approves-new-strategic-disinvestment-process/articleshow/71445908.cms?from=mdr
https://www.indiatoday.in/india/video/bengal-finance-minister-amit-mitra-slams-centre-for-delay-in-gst-payments-1621403-2019-11-21
https://www.livemint.com/market/stock-market-news/why-markets-are-rising-in-times-of-slowdown-11574872092196.html
https://www.indiatoday.in/news-analysis/story/consumer-confidence-lowest-modi-tenure-rbi-1606312-2019-10-04
https://indianexpress.com/article/opinion/editorials/indian-economy-consumption-expenditure-6127705/
https://economictimes.indiatimes.com/markets/stocks/news/why-factories-leaving-china-arent-going-to-india/articleshow/71462428.cms
https://twitter.com/rahulkanwal/status/1200421239346515970