https://www.taxtmi.com/news?id=908 Economic growth decelerated in 2008-09 with slowdown across agriculture, manufacturing and services; reduced exports and weak domestic demand hit manufacturing and private consumption dipped sharply. Fiscal loosening, tax reductions and sectoral stimulus measures supported the real economy while investment ratios remained relatively buoyant even as credit growth slowed. External financial meltdown constrained capital flows and trade saw modest export growth against higher imports; a large domestic market, resilient banking system and gradual capital account liberalisation were noted as mitigating factors, with emphasis on revisiting pending reforms to restore momentum. en-us Thu, 02 Jul 2009 17:41:46 +0530 Thu, 02 Jul 2009 17:41:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=908 Economic growth decelerated in 2008-09 with slowdown across agriculture, manufacturing and services; reduced exports and weak domestic demand hit manufacturing and private consumption dipped sharply. Fiscal loosening, tax reductions and sectoral stimulus measures supported the real economy while investment ratios remained relatively buoyant even as credit growth slowed. External financial meltdown constrained capital flows and trade saw modest export growth against higher imports; a large domestic market, resilient banking system and gradual capital account liberalisation were noted as mitigating factors, with emphasis on revisiting pending reforms to restore momentum. News - Thu, 02 Jul 2009 17:41:46 +0530 https://www.taxtmi.com/news?id=908