What if you could take a snapshot of the state of the Indian economy?
The picture is far more interesting than you might think.
For years, we’ve seen India’s economy stagnate and suffer from its long-standing fiscal crisis.
But the latest data suggests that things are getting worse.
The latest government data shows that gross domestic product in India, a country of 2.4 billion people, shrank by 0.5% in the three months to end-March, the lowest level in seven years.
That’s a bit disappointing given that GDP in India grew by 4.4% last year.
But India’s gross domestic income per capita was a little above the average of the BRICS (Brazil, Russia, India, China) economies in 2016, which is one of the reasons why the Indian government has pushed ahead with a new stimulus package.
India’s manufacturing sector has also been hit hard.
The Indian Manufacturing Purchasing Managers’ Index (PMPI), which measures how much of the economy is made up of manufactured goods, fell to 62.4 in March from 66.5 in March 2016.
This is the lowest since 2005, according to the International Monetary Fund.
That suggests the Indian manufacturing sector, which accounts for about two-thirds of the country’s gross value added (GVA), has also suffered.
The PMI has also fallen sharply in the past two years.
In 2016, it fell to 61.4, down from 65.7 in 2015.
This is not surprising, given that India’s manufacturing has been suffering for years.
Manufacturing accounts for only about 1% of India’s GDP and only around 2% of the manufacturing jobs are created, according a 2015 report by the Ministry of Commerce and Industry.
But manufacturing has also lost a lot of jobs in recent years, especially in the construction sector, where companies have been laying off workers.
This latest slowdown in manufacturing also has an impact on the Indian service sector, as well.
The service sector accounts for around 13% of Indian GDP, according the IMF.
The government has invested in many of the companies that do business in the service sector.
The companies have seen a lot more activity in recent months as India has seen a slowdown in demand.
This could be a result of the fact that services are still booming, and the services sector is looking for growth in terms of exports.
India also has a growing number of small and medium enterprises (SMEs), which are companies that make small and small goods and services.
It’s a small but growing sector in the Indian consumer economy, as people are increasingly buying things from online platforms and online stores.
For example, in 2016 India accounted for 4.3 million SMEs, which were about the size of a small company, according an OECD report.
The latest data shows this number has more than doubled to 6.7 million in the last six months.
So what could be happening?
Many of the small businesses that are taking advantage of this growth are also doing it for profit.
In the past, many small and SMEs have been able to get a government subsidy, and then the government subsidizes their prices.
But as the Indian public is increasingly turning to online platforms for purchasing things online, the subsidy is no longer as attractive.
Some SMEs are now turning to borrowing to finance their operations.
As a result, these small and marginal businesses are now struggling to keep their operations afloat.
The Indian government may have a solution to this problem.
It has a plan to introduce the Goods and Services Tax (GST) in India in 2019, which will lower the cost of purchasing goods and making payments.
The GST is expected to bring in $2 trillion in revenue in the next five years.
But this will not solve the Indian problem of manufacturing decline.
It will take more time and money to introduce GST in India.
But one thing is certain: this is going to help the Indian small and micro businesses.