September 26, 2019 / 3:07 PM / 3 months ago

India's economic growth to improve in second half of fiscal 2020: finance minister

FILE PHOTO: India's Finance Minister Nirmala Sitharaman and the Reserve Bank of India (RBI) Governor Shaktikanta Das arrive to attend the RBI's central board meeting in New Delhi, India July 8, 2019. REUTERS/Anushree Fadnavis/File Photo

NEW DELHI (Reuters) - India’s economic growth is likely to pick up in the October-March period as consumer demand is expected to improve, Finance Minister Nirmala Sitharaman said on Thursday.

Sithraman in a press conference in New Delhi told reporters that lenders have enough liquidity and retail credit growth is likely to pick up in the festival season starting October.

India’s economic growth in April-June fell to a six year low of 5%.

Reporting by Manoj Kumar

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