The Rs.1.45 lakh crore fiscal stimulus rolled out last week will help reverse the economic slowdown and give a push to consumption, Niti Aayog vice chairman Rajiv Kumar said on Monday and forecast that the GDP growth will rebound to more than 7.5% in the second half of this financial year.
The stimulus will strongly rekindle investors’ animal spirits. This bold step has laid the foundation for taking the economy on to a higher, 8% plus growth trajectory… I expect the second half of FY20 (October 2019-March 2020) to clock higher than 7.5% GDP growth.