GDP growth seen slipping to 11-yr low of 5 pc this fiscal: Govt data

RBI had also lowered its forecast for the economic growth to 5 per cent while announcing its bi-monthly monetary policy last month.

Use of AI in different forms can help achieve USD 5 trn economy target: Goyal

The minister added that AI can also help expand in a more cost- effective and outcome-oriented manner.

The auto sector went through one of the longest sales slumps leading to nearly 3.5 lakh job losses.

The consumer durables sector, estimated to be around Rs 76,400 crore in FY'19, logged a growth rate of about 10 per cent.

India jumped 14 places to the 63rd position in the World Bank's ease of doing business ranking released in October.

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35 per cent.

Taxmen were told that both the GST and Rs 13.35 lakh crore target for direct taxes for 2019-20 will have to be achieved.

Collections under the GST, which was introduced in July 2017, has remained mostly below the target.

FM Nirmala Sitharaman is likely to present her second Budget for the Modi 2.0 government in Parliament on February 1.

Beijing has agreed to import at least USD 200 billion in additional US goods and services over the next two years.