Sensex, Nifty Seen Opening Lower

(RTTNews) - Indian shares look set to open a tad lower on Monday as investors monitor the headlines concerning ongoing slowdown in the domestic economy.

India is in the midst of a "growth recession" with signs of deep malaise in the economy that is being run through extreme centralisation of power in Prime Minister's Office and powerless ministers, former Reserve Bank of India (RBI) governor Raghuram Rajan said.

On the positive side, Finance Minister Nirmala Sitharaman said on Saturday that the government is working on more steps, including rationalisation of personal income tax rates, to revive the sagging economy.

According to media reports, the government may also announce some measures to boost the real estate industry this week.

Asian markets edged up this morning, though the upside remained limited after the German economy slipped into negative growth and China's exports shrank for the fourth consecutive month.
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