Asian Development Bank said growth should pick up to 6.5 per cent in the next fiscal year with supportive policies.
For the first half of 2019-20 fiscal, GDP growth slowed to a pace of 4.8 per cent compared to the 7.5 per cent a year back.
The government should take these measures, although this may increase the fiscal deficit, said the Godrej Group Chairman.
CII said the measures announced come at a time when the world economy is buffeted by global headwinds and trade slowdown.
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