Seven months pregnant and baby is underweight, is it the best to induce labor now or wait?

Patient: Hi, I am seven months pregnant and my baby weighs barely two pounds. My doctor told me to go to the hospital to be monitored and I was told that my baby was not getting enough magnesium or oxygen. They said that if my baby’s condition didn’t improve that they would have to induce the labor. Is this the best solution? Should I consult another doctor?

Doctor: