RBI unveils sharpest growth estimate revision for 2019-20

RBI on Friday unveiled the sharpest revision in its GDP estimates in recent memory, slashing it to 6.1% for 2019-20 from 6.9% forecast in the August review. It said impact of monetary policy easing since February 2019 is gradually expected to feed into real economy and boost demand, while steps announced by the government over last two months are expected to revive sentiment and spur demand, and private consumption.​

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