GDP growth slipped to 5 per cent in the first quarter, is expected to be worst in the second quarter- sub 5 per cent.
The country's reserve position with the IMF also decreased by USD 17 million to USD 3.630 billion, the data showed.
India's economic growth hit a six-year low of 5 per cent in the first quarter of the current fiscal.
GDP growth plummeted to a six-year low of 5 per cent for the June quarter and is expected to come lower for the September quarter.
In October, inflation based on the Consumer Price Index (CPI) spiked to a 16-month high of 4.62 per cent on costlier food items.
Retail inflation as measured by the consumer price index (CPI) touched a 16-month high as it rose to 4.62 per cent in October.
India's economic growth has decelerated since mid-2018, with real GDP growth slipping from nearly 8 per cent to 5 per cent.
The government has raised this year’s budget deficit to 2.8 per cent of GDP from 2.6 per cent in 2018.
BRICS targets for investment and trade must be more ambitious and that he welcomes suggestions to further reduce trade costs, says PM.
The move is estimated to result in Rs 1.45 lakh crore in revenue loss for the government during 2019-20.