Modi 2.0's first budget is a key chance to spur a waning economy

Growth slowed to a five-year low of 5.8% in the first three months of 2019 -- well below China’s 6.4% expansion -- putting pressure on Modi to deliver on a stimulus plan to kickstart consumption. With the global outlook turning gloomy amid heightened trade tensions and RBI already cutting interest rates three times in 2019, the focus is shifting to the govt to play its part.

from The Times of India https://ift.tt/2RSS04t