Moody's expects economic growth to pick up in 2020 and 2021 to 6.6 per cent and 6.7 per cent respectively.
Asian stocks stumbled after the data, reversing gains made on the UK and European Union striking a long-awaited Brexit deal.
The repo rate has been brought down to 5.15 per cent to help reduce borrowing costs for home and auto loans.
According to the report, when rise in oil prices are driven more by supply-side factors it is more damaging to large net oil importers.
In future, all GST refunds of MSMEs will be paid within 60 days from the date of application, said FM Nirmala Sitharaman.
India’s GDP had grown at 8.2 per cent in fiscal 2017, the fastest in a decade.
The key economic challenge now is to continue reforms, brokerages and economists said on Thursday.
Riding on a massive Narendra Modi wave sweeping through most parts of India, the BJP seems set to return to power
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