https://www.taxtmi.com/news?id=21572 Real GDP growth moderated to 6.8 per cent in 2018-19; the government projects stronger growth in 2019-20 driven by anticipated pickup in investment and acceleration in consumption. The current account deficit widened due to a higher trade deficit from rising crude prices, the rupee depreciated and foreign exchange reserves declined within the year though remained sizable. Net FDI inflows rose and service exports remained a major export driver. Industry accelerated on manufacturing and construction, while banking sector stress from elevated non-performing assets persisted. en-us Thu, 04 Jul 2019 14:22:31 +0530 Thu, 04 Jul 2019 14:22:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21572 Real GDP growth moderated to 6.8 per cent in 2018-19; the government projects stronger growth in 2019-20 driven by anticipated pickup in investment and acceleration in consumption. The current account deficit widened due to a higher trade deficit from rising crude prices, the rupee depreciated and foreign exchange reserves declined within the year though remained sizable. Net FDI inflows rose and service exports remained a major export driver. Industry accelerated on manufacturing and construction, while banking sector stress from elevated non-performing assets persisted. News - Thu, 04 Jul 2019 14:22:31 +0530 https://www.taxtmi.com/news?id=21572