India’s economic growth set to bounce back as slump bottoms out: govt adviser

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.