The think tank pointed out that the manufacturing and the construction sectors offer the most opportunities for economic growth and also for higher employment. Two-wheelers currently attract 28 per cent GST. RBI did not give out economic growth projections in the annual report as is usual. India’s Gross Domestic Product (GDP) growth of 4.2 per cent in 2019-20 was the lowest since the global financial crisis more than a decade ago. In its report, RBI also said that “deep-seats and wide-ranging” reforms are needed to regain losses and return to the path of sustainable economic growth.

Source: The Hindu August 26, 2020 04:06 UTC