Towards $5 trillion economy...
//India's economic growth has taken a hit due to a number of factors - including slowdown in private consumption, investment and export - but the key indicator is lack of credit (money to produce goods) growth and demand in the market. The Narendra Modi government has taken a slew of reforms in recent months to boost credit in the market - focusing on offering incentives to banks to increase lending - but to little avail.//
//The concern expressed by economists is in sync with what Union Finance Minister Nirmala Sitharaman said earlier this month. She had ruled out revival of economy any time soon while asserting that the government was doing everything possible.//
