Slowing GDP growth in India mirrors the trend in top global economies

Many of the major global economies are witnessing slowing economic growth. The gross domestic product (GDP) of some of the world’s largest economies — the US, Japan, Germany and the UK —grew less than 1 per cent in the fourth quarter, with China being an exception, according to the data from the Paris-based Organisation for Economic Co-operation and Development (OECD).

These are the top five economies in the world, excluding India. India’s growth rate has also been slowing after a stellar second quarter, showed data released on Tuesday.

The larger downtrend for all major economies, according to OECD data, is