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India predicts slower 5% growth, likely prompting budget stimulus

India predicts slower 5% growth, likely prompting budget stimulus

Tuesday, January 7, 2020, 8:22 PM

India forecast 5% growth for the current financial year, the slowest pace in 11-years, which will likely prompt the finance minister to opt for extra fiscal stimulus when she presents the annual budget next month. Finance Minister Nirmala Sitharaman last week unveiled a plan to invest 102-trillion-rupees in infrastructure over the next five-years in a bid to make India a $5 trillion-economy by 2025.
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