Get Annual plan at only Rs 289. Sources in the government said the slowdown is not across sectors and liquidity issues have been identified and addressed.
Marya Shakil
With the economy going through a slump, the government wants to ensure the slowdown does not inflict more pain.
"The economic slowdown is cyclical, not structural. With festive season approaching, there will be rise in demand," sources in the government told CNN-News18.
The sources said the slowdown is not across sectors and liquidity issues have been identified and addressed.
"There is slowdown across the world in automobile sector but in India we can see spurt in bookings in cars of Kia and Morris Garages," the source added.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 4, 2019 04:08 pm
