New Delhi, Dec 1 (TIWN) The Indian economy's 26-quarter low growth of 4.5 per cent in July-September due to poor consumption, demand and investment can be attributed to the dismally low industrial and core sector production for most part of this financial year.

The core sector performance and the index of industrial production (IIP) of the past 4-5 months of the Modi 2.0 (up to which figures have been released) had the tell-tale signs of what the gross domestic product (GDP) growth and weak economic indicators could lead to.  "The budget was a great opportunity to do something, but unfortunately there was no recognition in the government that there was a slowdown," said N.R. Bhanumurthy of the National Institute of Public Finance and Policy.  Finance Minister Nirmala Sitharaman, a day after the data showed the economy hitting the 4.5 per cent growth, lowest in over six years, said on Saturday several significant steps in structural reforms had been taken and responses/interventions addressing the needs of the economy would continue -- indicating more relief, if needed.