What can INDIA do to overcome global slowdown ?

The global economy has been facing an economic slowdown. IMF and WB - world economy is expected to grow at 3%, lowest since 2008. ...

Indian economy remained insulated from the global economic slowdown. did not affect much because domestic demand was strong.

accompanied by a slowdown in the Indian economy, the industry is suffering, low consumption, little investment.

Since 1991 LPG reforms, the Indian economy has got gradually integrated into global economy. hence it is quite susceptible to global spillover.
on-going trade war b/w USA & China rise of protectionist tendencies- decrease the capital inflow into the Indian economy.
the contraction in India's export due to trade war.
possibly lead to a reduction in the GDP growth rate of Indian economy by 1.5%

global economic slowdown + structural bottleneck - both existing in the domestic economy.
Govt must focus on fiscal stimulus measures so, as to revive the indian economy.
Govt. must also enhance its investment in social expenditures so as to ensure that poor people have more cash at their disposal.
this would revive the animal spirits in the economy and boost the declining consumption expenditure.

presently less scope for India to increase its exports to western countries since they are following protectionist policies with higher import tariffs.
with respect to India's membership of RCEP, it can lead to the greater economic integration of India with Asian economies.
At the same time, it can possibly lead to the impact of cheaper foreign goods, particularly from china leading to an adverse impact on domestic industries.
India needs to weigh both the pros and cons of joining RCEP before committing itself to the regional trade agreement.
Further, India also needs to ensure that there is no large scale appreciation in the value of Indian rupee since there is no large scale appreciation in the value of Indian rupee since it can discourage exports and encourage imports.

Analysis and Critique