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Union Budget 2019 likely to hike spending to combat slumping growth

Updated : July 03, 2019 01:11 PM IST

Analysts say Modi, boosted by a sweeping election victory, hopes to use the budget to restart reforms and deal with a series of economic woes.
In January-March, annual growth slumped to 5.8 percent, the slowest pace in 20 quarters. Growth for the financial year that ended in March was 6.8 percent, also a five-year low, and indicators such as plummeting industrial output and automobile sales have stoked fears of a deeper slowdown.
Union Budget 2019 likely to hike spending to combat slumping growth
Published : July 03, 2019 01:10 PM IST

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