MUMBAI: India’s economic slowdown is deeper than anticipated, with gross domestic product (GDP) growth for the fiscal fourth quarter coming in at 5.8%, a five-year low. No wonder economists have begun lowering their forecast for FY20 GDP growth. Rao of Yes Bank believes that growth would be about 7% instead of the 7.2% she had expected earlier. What analysts are sure about is that the economy needs a package, not just a solo act. “For growth to revive, it needs a combination of fiscal and monetary measures," said Rao.

Source: Mint June 02, 2019 18:52 UTC