These tax cuts will have tremendous positive effect. We will soon see a turnaround, said Godrej Group Chairman Adi Godrej.
India's real GDP growth slumped in Q1 of FY2019/20 (April-March) to 5 pc year-on-year, from 5.8 pc in Q4 (January-March) FY2018/19.
According to the UBS India financial conditions index, growth may have reached a trough in the June 2019 quarter.
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