The Indian economy saw a slump in its GDP growth rate in the second quarter of the current fiscal year, coming in at only 5.4% compared to the projected 6.5%. This decrease was driven by slow growth in manufacturing and mining, along with weak government expenditure and private consumption. However, the Ministry of Statistics and Programme Implementation remains hopeful, stating that the overall growth in the first half of the fiscal year was 6.2%. The Reserve Bank of India has projected a growth rate of 7.2% for the full fiscal year.