Slowdown in Q2 is a 'temporary blip': FM

Quick Summary:

Finance Minister Nirmala Sitharaman addressed concerns about India's economic slowdown, calling the second-quarter dip a "temporary blip".

She highlighted the country's strong average growth rate of 8.3% over the past three years and emphasized the government's commitment to managing inflation, citing recent positive trends and supply-side measures.

Retail inflation has eased in Nov from a 14-month high in the previous month on the back of moderating food prices, bringing much-needed relief from stubborn price pressures.

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Article Details

Author / Journalist: TNN

Category: EconomyBusiness

Markets: IndiaCanada

Topics: GDP growth rate Business news Nirmala Sitharaman India economic growth Inflation management Manufacturing sectors Second quarter slowdown

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 09:30:43 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 822 words

Reading Time: 5 minutes read

Sentences: 24 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 24527079

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Official Website: timesofindia.indiatimes.com

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