Finance minister of India, Ms. Nirmala Sitharaman, had encouraged mediation in policy to improve the Indian economy. She also highlighted that green shoots are visible. The agriculture sector is managing to start growing.
The Finance Minister also assured the industry that the government would make more efforts to boost and recover the Indian economy in the future.
At the 2020 India Ideas Summit, the minister spoke about a stimulus package of Rs 20.97 Lakh crore has announced by the government that would help to fight the impact of COVID-19 impact on the Indian economy.
In mid-June, Prime Minister of India, Narendra Modi, also mentioned that Green shoots visible in the economy due to Fertilizer consumption’s, Power Consumption’s, and Kharif season
It is necessary for Green shoots in the Indian economy to recover from income loss and job losses. The finance ministry stated clear green shoots signs showed by 14 different economic indicators.
Purchasing managers’ index (PMI) data, Electric consumption, Fuel Consumption, Inter-state movements and, Intra-state movements of goods, retail transactions were the prime indication for pick-up. Prime Minister had mentioned the source that the country remains one of the most open economies in the world.
All options will be open and, mediation will happen in the future and, she assures that the government will not shy away from taking more further steps to revive the Indian economy, with the agriculture sector is making the growth.
Activities from Rural economies like tractor sales and logistics are all raised. If the government, regulators, and financial sectors work together, a strong recovery can take place.
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