Government and RBI taking measures to reverse slowing growth trajectory, we hope improvement in the subsequent quarters - Sandip Somany, President, FICCI
Finance Minister's announcement underlines government's intent to go for growth enhancement in all possible manner
NEW DELHI, 31st August 2019: "The latest GDP growth numbers are below expectations and point towards a significant deceleration in both consumption and investment demand. While many of the lead indicators of economic activity were pointing towards sluggishness in the growth momentum, the economy registering a growth of 5% in Q1, 2019-20 is a matter of deep concern. With both the government and the central bank taking a series of measures to reverse this slowing trajectory, we hope things would improve on the economic front in the subsequent quarters," said Mr Sandip Somany, President, FICCI.
FICCI MEDIA DIVISION
Leave your Comment