India cuts growth outlook, calls for review of fiscal, monetary targets
Still, the South Asian country will remain the fastest growing major economy
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
New Delhi
INDIA slashed its full-year growth forecast on Friday, citing weak global demand and lower farm output, and called for speedier reforms, as well as a review of fiscal and monetary policies, to resuscitate economic activity.
In a mid-year review, Prime Minister Narendra Modi's government said the economy would likely expand by 7-7.5 per cent in the fiscal year ending in March 2016, sharply lower than an 8.1-8.5 per cent growth estimated in February.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
