FICCI concludes June quarter's economic growth rate of 6 percent

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New delhi date. August 26, 2019, Monday

According to a report by FICCI, the country's economic growth rate will remain at 5 percent in the June quarter of the current fiscal year. In the June quarter of last financial year, the country's economic growth rate was 8.5 percent. GDP figures for the June quarter of June 5-7 are set to be released next week.

According to the latest data released by the NSSO, the employment situation in the country is again very clear, according to Fikki's Economic Outlook Survey.

It is projected to remain at the lowest rate of 8.5 percent and the upper at 8 percent. Most of the economists who participated in the survey said that the Reserve Bank will maintain its commodity stance and further reduce the repo rate for the rest of the fiscal year 0-7. He claimed the prevailing interest rates were too high.

Participants in the survey said that reducing the costs of doing business, regulatory reforms, labor reforms and advertising of special packages as per the area will help increase employment.

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