Year in Review: 12 policy decisions that affected Indian economy in 2019

In a challenging year, the central government announced a slew of measures to help revive a sagging economy - from corporation tax cut to bank recapitalisation. Here are the most important ones

From the point of view of the economy, 2019 proved a rather challenging year for India. Difficulties facing the Indian economy was a much-debated issue throughout the year. While sectors like automobile, real estate and aviation suffered a demand slowdown, banking and financial services were weighed down by ballooning bad loans, the NBFC crisis and a general credit squeeze. The telecom sector also suffered a major setback as their dues to the government came to Rs 1.3 trillion after the Supreme Court’s adjusted gross revenue (AGR) order.

Besides, two sets of data for FY18, released this year, also painted a