Govt says Indian economy entering H2 on stable footing
New Delhi, Nov. 28 -- The finance ministry said in its monthly review that India's economy is entering the second half of the current fiscal on a stable footing, anchored by well-contained inflation, resilient domestic demand and supportive policy dynamics, while it also cautioned against global uncertainties.
As per the Monthly Economic Review for October released on Thursday, the macroeconomic developments in October indicate a stable and resilient domestic economy, supported by low inflation and firm consumption trends because of significant reduction in Goods and Services Tax (GST) rates.
The GST Council on September 3 approved slashing rates on 375 items effective from September 22 with a revenue impact of about Rs.48,000 crore based o...
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