Describing the country's economic fundamentals as strong, Mishra said the annual average GDP growth of 7.5 per cent during 2014-2019 was the highest since independence
Govt officials said more structural reforms, after the ones announced recently, would be forthcoming.
Says a cut in corporation tax rate will boost private investments and global competitiveness
At 2.9%, global growth to be weakest since 2008 crisis, it says
Whilst the noise on feasibility of budget numbers and risks on sovereign borrowing would persist in the near term, the budget outcome has certainly eased the job for RBI MPC to ease rates further
As per the report, construction is likely to receive a boost from increased public infrastructure spending aimed at improving the nation's transport and rural infrastructure