\"The biggest confidence building measure that the government can undertake is to stop tweaking with the current GST rates. Or if it has to in specific sectors and industries, then it should do it immediately and get over with it,\" says Vineet Agarwal, CEO, Wipro Consumer Care and Lighting Ltd

In its latest edition of the South Asia Economic Focus, the World Bank said that India's growth rate is projected to fall to 6 per cent this fiscal.

In Nepal, GDP growth is projected to average 6.5 per cent over this and next fiscal year, backed by strong services and construction activity due to rising tourist arrivals and higher public spending.

Overseas investors were net buyers in the preceding month and had infused a net sum of Rs 6,557.8 crore in the domestic capital markets (both equities and debt), according to the data.

The World Bank in its latest edition of the South Asia Economic Focus said the country was expected to gradually recover to 6.9 per cent in 2021 and 7.2 per cent in 2022.

The ratings agency had lowered India's growth forecast to 6.2% from 6.8% in August

The benchmark Sensex that had surged over 3000 points in two days after the corporate tax cut announcement has pared most of its gains; it fell by 433 points on Friday after the announcement of the repo rate cut

RBI Governor Shaktikanta Das pointed out earlier today that the government had already made a statement that they would adhere to its fiscal deficit target

The MPC has predicted the GDP growth rate for Q2 at 5.3 per cent and in the range of 6.6-7.2 per cent for the second half of the financial year

RBI repo rate cut: The central bank, which in its August MPC meet had predicted GDP growth of 6.9 per cent in FY20, revises its forecast to 6.1 per cent

Analysts say the RBI could go anywhere between 25 to 40-basis-points cut to complement the government's recent measures to boost economic activity during the ongoing festive season

The RBI is expected to lower the repo rate by 25 basis points (bps) to 5.15%, which would take cumulative cuts so far this year to 135 bps

Shaktikanta Das refused to share the RBI's revised growth projection, stating that it will go public with the revised numbers at the next monetary policy announcement on October 4

The signs of economic slowdown were visible as early as February, and the narrative was very clear, said Shaktikanta Das, adding that the RBI was looking at ways to improve its forecasting methods

However, India will still be the fastest-growing major economy of the world and much ahead of China, said IMF