India's economy grew at a six-year low pace of 5% year-over-year in the April-to-June quarter — prompting several economists to warn that the country's growth rate could fall below 6% this year.
The Asian Development Bank said in a report on Wednesday that India is expected to grow by 6.5% in the current fiscal year and 7.2% in the next year.
But government measures such as the recent corporate tax cuts could help to stem the slowdown in the Indian economy, said Yasuyuki Sawada, ADB's chief economist.Ramesh Pathania | Hindustan Times | Getty Images . That prompted several economists to warn that the country's growth rate could fall below 6% this year.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Trump again offers to mediate India-Pakistan talks over KashmirUS President Donald Trump renews his willingness to mediate negotiations between India and Pakistan over the disputed Himalayan region of Kashmir, claiming he has 'never failed as an arbitrator.'
Consulte Mais informação »
US, India talks are 'hot and tense' amid hopes for a trade dealUS, India talks are 'hot and tense' amid hopes for a trade deal via YahooFinance
Consulte Mais informação »
Christian persecution in India is 'very troubling,' Franklin Graham says, but backs Trump friendship with ModiThe evangelical leader also suggested that persecuted Indians should pray for Modi in the hope it will prompt him to better protect religious minorities.
Consulte Mais informação »
Love Island's Ovie Soko and India Reynolds suffer 'nightmare week'In recent weeks, the genetically-blessed couple have both been forced to shut down cheating rumours
Consulte Mais informação »
China and India turn against vaping. But Europe sees it as safer than cigarettesAsian nations may be no refuge for the vaping industry from an escalating crackdown in the U.S.
Consulte Mais informação »