ID:
1554363135157844600
Thu, 2019-04-04 06:37
MUMBAI: India’s central bank cut interest rates on Thursday, delivering a shot in the arm to Prime Minister Narendra Modi ahead of a marathon general election starting next week.
The second snip in borrowing costs this year in the Asian giant comes as Modi seeks to convince voters that they should re-elect him despite question marks over his economic record.
He swept to power in 2014 on a business-friendly manifesto that promised to shake up India’s economy and boost jobs, securing India’s first majority government in three decades.
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