Finance Minister Nirmala Sitharaman expressed optimism that the December quarter will compensate for the economic slowdown caused by poll-induced uncertainties in India. She emphasized that despite the temporary drag in the pre-election period, strong macroeconomic fundamentals, sustained public spending, and robust tax collections will drive recovery. Speaking at a press interaction, Sitharaman stated that sectors like manufacturing, infrastructure, and services are poised to perform well in the upcoming quarter, supported by targeted government policie.
Source:- bbc news
The slowdown in the September quarter was attributed to a dip in consumer spending and cautious investor sentiment during election periods. Sitharaman acknowledged these challenges but stressed that India’s economic resilience, backed by steady GDP growth and stable inflation, provides a solid foundation for a rebound. She pointed to rising Goods and Services Tax (GST) collections and increased foreign direct investment (FDI) inflows as indicators of the economy’s strength
Source:- news 18
The Finance Minister also highlighted several measures undertaken by the government to boost demand and productivity. These include increasing capital expenditure in infrastructure projects, enhancing credit availability for small businesses, and offering incentives for manufacturing. Sitharaman reassured that rural and urban sectors would benefit from these initiatives, ensuring inclusive growth.
On global concerns such as rising interest rates and geopolitical tensions, Sitharaman affirmed that India’s policies remain focused on minimizing external shocks. She noted that the Reserve Bank of India’s prudent monetary stance and the government’s commitment to fiscal discipline will further stabilize the economy in the months ahead.
Experts believe that the December quarter could see a revival in consumption and investment as electoral uncertainties subside and holiday season demand picks up. The Finance Minister’s remarks underscore the government’s confidence in overcoming temporary slowdowns and maintaining a trajectory of sustainable growth
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