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RBI Lowers GDP Growth Forecast To 6.9% For 2019-20
07 Aug 2019, 04:05 PM IST 
Mr Das said perhaps at this point of time there is cyclical slowdown and not a deep structural slowdown.
The Reserve Bank of India on Wednesday marginally lowered the Gross Domestic Product (GDP) growth projection for 2019-20 to 6.9 per cent from 7 per cent forecast in the June policy, and underlined the need for addressing growth concerns by boosting aggregate demand. The RBI has cut the repo rate by an unusual 0.35 percentage points to 5.40 per cent in its third monetary policy review for the current financial year. Repo rate is the ...
