1) Economists paint a grim picture, lower India's FY20 GDP growth forecast
With the economic growth rate plunging to a 25-quarter low of 5% in the first quarter of the current financial year, think tanks and economists have cut their projection of the gross domestic product expansion for 2019-20.
Earlier, their predictions were close to 6.8%, which was recorded in 2018-19. Now, it is way lower. (Read more here)
2) Govt will respond to automobile industry's demand, says FM Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said the government would respond to the demands of the automobile industry,