Finance minister Nirmala Sitharaman said more reforms are on the anvil this fiscal to boost growth as fresh economic data and subdued corporate earnings point to a deeper economic downturn.
“We have just entered the second half of 2019-20 and already implemented a series of reforms with more on the anvil before the close of year. The reforms were and will be guided by close scrutiny of growth evidence in the economy,” she said at Columbia University’s School of International and Public Affairs on Tuesday.
You might also be interested to read: $30 Billion Of Proof That India’s Tech Scene Is Back
Sitharaman has already announced a series of measures, including a deep cut in corporate tax, to counter a severe demand slowdown and slump in private investment that have left economic growth stuttering at a six-year low of 5% in the quarter ended June.
Source: livemint
