5.4% GDP growth doesn't indicate systemic slowdown: Nirmala Sitharaman

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Times of India 5d ago

5.4% GDP growth doesn't indicate systemic slowdown: Nirmala Sitharaman - Times of India

Quick Summary:

Finance Minister Nirmala Sitharaman asserted that the slower second-quarter growth doesn't signal a systemic slowdown, attributing it to reduced public spending during the election season.

She anticipates a rebound in the third quarter and maintains India's position as the fastest-growing major economy for the coming years, despite global economic challenges and climate change impacts.

Govt is, however, sticking to its projection of 6.5% GDP growth during the current fiscal year.