India Growth GDP 2019

Year 2019 growth slumps to five-year low of 6.8%

India’s economy grew slower than expected to a 20-quarter low in the January-March period, dragging overall growth to a five-year low in FY19, presenting the first big challenge for the second Narendra Modi government that took charge Friday. Following on from this, the central bank is widely expected to cut interest rates further next week to bolster the flagging economy. 

Boost for farmers

The first meeting of the newly constituted Union Cabinet of Cabinet of the NDA government took several key decisions on on Friday. Among them were the extension of the existing PM-KISAN scheme and introduction of a pension scheme for farmers, traders and shopkeepers.