The country's economy grew at 8.2 per cent in April-June 2018-19.

Businesses have been pushed to the brink.

CII said the measures announced come at a time when the world economy is buffeted by global headwinds and trade slowdown.

Bank recapitalisation at one go will provide a big impetus to credit growth.

The government has set fiscal deficit target of 3.3 per cent of the GDP for the current fiscal.

Sitharaman said she was confident of meeting the fiscal deficit target of 3.3 pc of GDP considering the trend in revenue collections.

According to the Forbes magazine, the number of billionaires in India is increasing.

GDP growth is set to slow further in April-June quarter of this year to 5.7 pc amid contraction in consumption, weak investments.

RBI has lowered the repo rate by 1.1 percentage points in 2019, the banks are yet to pass on the entire benefit to borrowers.

India's economic growth slowed to 6.8 per cent in 2018-19 - the slowest pace since 2014-15.