Finance Minister Nirmala Sitharaman said that India is in no hurry to withdraw the COVID-19 induced stimulus and emphasised that it will continue to build support required for economic growth.
“The emphasis on building health infrastructure will continue,” and so will government spending on capital expenditure and infrastructure, she said in an interview with Bloomberg during her visit in the United States.
Reiterating the Reserve Bank of India’s (RBI) economic policy outlook, Sitharaman highlighted the need to keep policy easy as the country recuperates from the pandemic.
World Bank and RBI have pegged India’s gross domestic product (GDP) projection at 9.5 percent for the year 2021-22. Sitharaman displayed concern over record-shattering fuel prices in the country.
The challenge I will face, and the teams are also watching in the ministry, is the way the fuel prices are leading to a big crest,” Sitharaman told the publication. “This uncertainty is a big element for me,” she said.
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