Contraction in core sector reflects weakness in economy: Radhika Rao, DBS Bank
  • WebDesk BTVI
  • Aug 01 2019

Radhika Rao, India Economist at DBS Bank, says the contraction in core sector is a measure of the underlying weakness in economy, and adds that demand-supply trends depend on the condition of infrastructure, auto, consumer durables. She says the nation’s economy is driven by domestic consumption. On June GST collection, she says the mop up was lower than expected and says that it is likely to remain under Rs 1 lakh crore moving forward.