FM Sitharaman: Economy to boost up in oct-march period
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FM Sitharaman: Economy to boost up in oct-march period

By The Hindu calender  27-Sep-2019

FM Sitharaman: Economy to boost up in oct-march period

  • India’s economic growth is likely to pick up in the October-March period as consumer demand is expected to improve, stated FM Nirmala Sitharaman.
     
  • India’s economic growth in April-June fell to a six-year low of 5%.
     
  • Ms. Sitharaman added that the private sector banks had assured her that there was no liquidity crunch and there was strong demand in rural areas.
            Also read: ओलंपियन योगेश्वर दत्त भाजपा में शामिल,चुनाव लड़ने की अटकलों पर पार्टी में विरोध
  • “After my meeting with the private sector bank heads, I can say it was like a tonic,” Ms. Sitharaman said.
     
  • The Finance Minister also said that the bankers felt that the slump in demand for commercial vehicles was a cyclical issue.

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