Indian Government is taking lot of measures to strengthen the economy of the country. Be it the merger of major PSC banks or thinking to cut on repo rates but still next two months is termed essential and most crucial in the Indian Economy. The GDP Rate is at its slowest in the past 6 years at 5.8% from the quarter April to June 2019.
The Government will be closely monitoring the demand pattern as festive season is fast approaching. Revival would be done by boosting bank lending. According to SBI chairman Rajnish Kumar in an interview with various media houses said that the next two months will be critical in terms of reviving the economy. Strong Policies is needed to bring a stop for economic slowdown . The reforms will be structural and cyclical factors.
Sales would also be monitored by the government during the festive season beginning next month. As consumer demand is on the rise in this season as sales activities increases due to wedding seasons as well. But reforms are needed by the government to boost the economic slowdown and reforms will give the supply growth as it is necessary without this demand is of no use.