https://www.taxtmi.com/news?id=21798 FY20 GDP growth is forecast to remain flat at 6.8 percent, short of the official 7 percent projection, with first-half softening and second-half recovery driven by base effects and supportive monetary easing. Cumulative rate cuts and an accommodative stance are expected to aid growth later in the year, while constrained rural income, adverse agricultural terms of trade and a weak monsoon limit consumption; public sector participation and fiscal consolidation are cited as continued sources of demand support. en-us Wed, 24 Jul 2019 17:31:25 +0530 Wed, 24 Jul 2019 17:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=21798 FY20 GDP growth is forecast to remain flat at 6.8 percent, short of the official 7 percent projection, with first-half softening and second-half recovery driven by base effects and supportive monetary easing. Cumulative rate cuts and an accommodative stance are expected to aid growth later in the year, while constrained rural income, adverse agricultural terms of trade and a weak monsoon limit consumption; public sector participation and fiscal consolidation are cited as continued sources of demand support. News - Wed, 24 Jul 2019 17:31:25 +0530 https://www.taxtmi.com/news?id=21798