How will Modis economic stimulus impact Indian economy?
Indias gross domestic product dropped to a three-year low at 5.7% in three months ended June 2017. Indias fiscal deficit at the end of March 31, 2017 stood at 3.5%.
Prime Minister Narendra Modi is likely to unveil economic stimulus measures today.
On Friday, sources close to Ministry of Finance said that the government may look to infuse anywhere between Rs 40,000 to Rs 50,000 crore in the Indian economy over the coming months in order to give it a much needed push.
India's gross domestic product dropped to a three-year low at 5.7% in three months ended June 2017. India's fiscal deficit at the end of March 31, 2017 stood at 3.5%.
However, economists are expecting up to Rs 80,000 crore of push.
Economic stimulus on its way but where should it be spent?
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.