Top 10 biz headlines: FY20 growth forecast cut, govt's big EV push & more

From economists cutting their projection of the GDP expansion for 2019-20 to the govt considering more sops and benefits to push electric mobility, here are the top business headlines for Wednesday

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,