Sanjeev Sanyal

Photo Credit: Livemint

Economic growth set to bounce back as slump bottoms out, says Sanjeev Sanyal

NEW DELHI : Indian economic growth is poised to bounce back after slipping to a more than six-year low of 4.5% in the July-September quarter as the government has taken measures to prop up investments and consumer demand, a top government adviser said.

“Corporate tax reductions, the Insolvency and Bankruptcy Code and the banking sector reforms have helped and will help propel growth further,” Sanjeev Sanyal, principal economic adviser at the finance ministry, told Reuters.

Source: Livemint