Business Today
Loading...

Govt may lay out more policy measures to revieve economy: Nirmala Sitharaman

Indicators like electricity and fuel consumption, inter and intra-state movement of goods, PMI data and retail financial transactions are witnessing a pick-up, she said

twitter-logoPTI | July 22, 2020 | Updated 08:51 IST
Govt may lay out more policy measures to revieve economy: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday promised more policy interventions to revive the economy, and emphasised that green shoots are visible and the agriculture sector is driving growth. Indicators like electricity and fuel consumption, inter and intra-state movement of goods, PMI data and retail financial transactions are witnessing a pick-up, she said.

Earlier this month, Prime Minister Narendra Modi too had said the Indian economy has started seeing "green shoots" of recovery and the country remains one of the most open economies in the world. Speaking at the India Ideas Summit, Sitharaman said the government has announced a stimulus package totalling 10 per cent of the GDP which was having its impact on economic revival.

"All options are open...interventions will happen in future," Sitharaman said, assuring the industry that the government will not shy away from taking more steps to ensure early revival of the economy. The minister further said the "agriculture sector is driving the growth."

Also read: India, US close to a trade deal after two years of negotiations, says Piyush Goyal

Youtube
  • Print

  • COMMENT
BT-Story-Page-B.gif
A    A   A
close