Finance Minister Nirmala Sitharaman on Monday asserted that the government was not going to repeat past mistakes and try to splurge its way out of the economic slowdown, in an apparent reference to the UPA government’s response to the major slowdown in 2008-09. Speaking at a meeting of the FICCI’s national executive committee, the Minister […]
The International Monetary Fund (IMF) has cut India’s growth forecast for 2019-20 to 7% from its forecast in April of 7.3% on poor demand conditions, it said on Tuesday. The IMF’s World Economic Outlook July update also cut India’s growth forecast in 2020-21 to 7.2% from the previous estimate of 7.5%. “India’s economy is set […]
