https://www.taxtmi.com/news?id=21377 Reserve Bank of India revised its GDP projection for 2019-20 down to 7.0 per cent, attributing the downgrade to weakened domestic investment, subdued overall demand including rural private consumption, and export weakness amid global trade tensions; the revision accounts for recent policy rate cuts and notes downside risks from weak global demand while identifying supportive factors such as political stability, high capacity utilisation, improved business expectations, buoyant equity markets and higher financial flows. en-us Thu, 06 Jun 2019 15:36:21 +0530 Thu, 06 Jun 2019 15:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21377 Reserve Bank of India revised its GDP projection for 2019-20 down to 7.0 per cent, attributing the downgrade to weakened domestic investment, subdued overall demand including rural private consumption, and export weakness amid global trade tensions; the revision accounts for recent policy rate cuts and notes downside risks from weak global demand while identifying supportive factors such as political stability, high capacity utilisation, improved business expectations, buoyant equity markets and higher financial flows. News - Thu, 06 Jun 2019 15:36:21 +0530 https://www.taxtmi.com/news?id=21377