• SENSEX
    NIFTY 50
Economy

Govt plans to invest $1.39 trillion in infrastructure to spur economy after weak GDP data

Updated : December 01, 2019 01:36 PM IST

Nirmala Sitharaman's comments followed data released on Friday that showed India's economic growth slowed to 4.5 percent in the July-September quarter — its weakest pace since 2013 — upping the pressure on Prime Minister Narendra Modi's government to speed reforms.
Modi came to power in 2014 on the promise to improve India's economy and boost foreign investments, but he has struggled to meet those aims due to a lack of structural reforms.
But several economic indicators show domestic consumption is weak, and many economists expect the current slowdown could persist for another two years.
Govt plans to invest $1.39 trillion in infrastructure to spur economy after weak GDP data
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV