Economy NCAER forecast India's GDP growth to decline to 4.9% for Q2 Updated : November 16, 2019 02:48 PM IST India's economy grew at 5 percent in the first quarter of 2019-20 -- the slowest pace in over six years. Going forward, NCAER said the monetary policy measures are unlikely to revive growth at this juncture. The government's projection, which is expected to be released by the month-end, should be between 4.4 and 4.9 percent for the Q2 of this fiscal. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.