The government should take these measures, although this may increase the fiscal deficit, said the Godrej Group Chairman.

Meanwhile, domestic crude steel production declined 3.7 per cent month-on-month in August 2019.

The immediate benefit is increased cash flows to corporate India.

Brands need not expect much from these four per cent respondents who are willing to spend more than Rs 50,000 per household during festive season.

There are expectations that the government would come out with sector-specific stimulus sometime soon.

The company is seeking to be an engine of growth for Indian economy through a vibrant portfolio of future-ready businesses.

Despite the setbacks seen in NBFCs, the financial services sector has shown a positive outlook in terms of hiring.

Nestle said decline in monsoon would not affect it as its rural sales account for only about 20-25 per cent of its total sales.