Top headlines: Q2 GDP growth slips to 4.5%, CEA defends tax cut & more

From Mukesh Ambani becoming ninth richest on Forbes' billionaires list to PM Modi announcing $50 million assistance to Sri Lanka, Business Standard brings you the top news of the day

India's GDP growth slips to 4.5% in September quarter

India’s gross domestic product (GDP) growth rate fell to 4.5 per cent in the July-September quarter (Q2) of this financial year, compared with 7.1 per cent in the same quarter of 2018-19, government data showed on Friday. The low rate of expansion was mainly on account of a weak manufacturing, falling consumer demand and private investment, and a drop in exports due to a global slowdown. Read more

Slowdown impact? Core sector output shrinks 5.8% in October

Output of eight core infrastructure industries contracted by 5.8 per cent