<h1>Government Unveils Economic Reforms: Cuts Diesel Subsidies, Liberalizes FDI, But GDP Growth Projection Lowered to 5.8.</h1> The government has introduced economic reforms aimed at boosting market confidence and growth, including reducing diesel subsidies, disinvesting in certain public sector units, and enhancing the investment climate through liberalizing foreign direct investment in sectors like retail and aviation. Additional measures involve improving financial access for manufacturing, expediting large investment projects, managing food inflation, and stabilizing the financial sector. Despite these efforts, the Reserve Bank of India revised the GDP growth projection for 2012-13 downwards to 5.8% due to increased global and domestic risks, including reduced investment demand and consumption spending.