"It appears that the main reason for this slowdown was the non-banking financial institutions experiencing a turbulence," IMF managing director Kristalina Georgieva said on the eve of Union finance minister Nirmala Sitharaman presenting the annual budget in Parliament on Saturday.

from Times of India https://timesofindia.indiatimes.com/business/india-business/indian-economy-experienced-abrupt-slowdown-in-2019-but-its-not-in-a-recession-imf/articleshow/73826525.cms