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Government plans to invest ? 1 lakh crore in infrastructure

Date: 04 December 2019 Tags: Basics of Economics
  • Amid concerns about the crisis in the Indian economy following GDP growth slipping to a 26-quarter low of 4.5 per cent in July-September, the government is open to further reforms for making India a more attractive investment destination.
  • It also said about 12 global companies have evinced interest to shift their base from China to India, taking advantage of the competitive tax rate of 15 per cent announced recently.
  • Currently the GDP growth rate has slowed for the sixth consecutive quarter, with the previous low recorded at 4.3 per cent in March 2013.