Highlights • Indian Govt relaxed FDI limits in over a dozen - TopicsExpress

Highlights • Indian Govt relaxed FDI limits in over a dozen sectors • FDI into India increased 25% y-o-y to $2.32 bn in April • Rating firm MOODY’s raised its outlook on US to stable • Euro zone current account surplus declined in May • Asian Development Bank lowered its growth forecast for developing Asia this year • China’s GDP eased to 7.5% in 2nd quarter from 7.7% in first quarter

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