India’s economy just recorded its slowest growth in almost 2 years, with the fastest growing major economy coming back to Earth.

Manufacturing stagnated, mining declined, and even government spending—a key growth driver—remains muted. While services posted a strong performance, weak private consumption continues to weigh on the overall picture.

In this episode, we unpack the implications of these disappointing numbers. What went wrong? And why did experts—including the RBI—miss the warning signs? With the central bank’s policy meeting looming on Friday, critical questions emerge: Can India recalibrate its strategy to revive growth? Or is it time to fundamentally rethink the nation’s economic trajectory?

Join host Anirban Chowdhury as he speaks to renowned economist and former RBI Monetary Policy Committee member Ashima Goyal to explore the state of the economy, the factors behind this slowdown, and the road ahead.

ET Podcasts now has a new show. 7@7 is your quick, sharp sub 5 minute daily roundup of financial news from India and the world. Tune in to Apple Podcasts, Spotify, Amazon Prime Music, Jio Saavn, Youtube or wherever you get your podcasts from!

Check out other interesting episodes from the host like: Choked Capital: Why Delhi Leads India’s Air Crisis, India’s Dangerous Misuse Of Antibiotics Pt 1 & Pt 2, COP29: Who will Pay for Climate Action?, Trump 2.0: America First, India….?, and more!

You can follow Anirban Chowdhury on his social media: Twitter and Linkedin

Catch the latest episode of ‘The Morning Brief’ on ET Play, The Economic Times Online, Spotify, Apple Podcasts, JioSaavn, Amazon Music and Youtube.

Credits: Firstpost, CNBC-TV18

See omnystudio.com/listener for privacy information.