Short- and long-term measures needed to spur economic growth: India Inc

India Inc wants the transmission of central bank rate cuts to the consumer to be more effective

The sharp fall in gross domestic product (GDP) growth in the April-June quarter has disappointed Corporate India, but it is not a surprise. Companies across consumer packaged goods, automobiles, capital goods, and steel have seen overall consumption slow down to an unprecedented level since the last three quarters.

Top officials at various companies said they were worried about the steady decline in GDP growth quarter-on-quarter for the past one year, from 8 per cent in the June 2018 quarter to 5 per cent in the June 2019 quarter. A combination of short- and long-term measures to kick-start growth and put