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1558955469127096400
Mon, 2019-05-27 11:02
NEW DELHI: India’s slowing economic growth is of serious concern and the country needs to urgently cut tax and interest rates to revive the economy, a top industrial body said on Monday ahead of the inauguration of Prime Minister Narendra Modi’s second term.
The economy grew 6.6% in the three months to December — the slowest pace in five quarters — and the Federation of Indian Chambers of Commerce & Industry (FICCI) said the bigger worry was that domestic consumption was not growing fast enough to offset a weakening global economic environment.
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