‘India’s GDP growth this year will be negative or near zero’: FM Sitharaman
Finance Minister Nirmala Sitharaman said India's Gross Domestic Product (GDP) growth for the current fiscal 2020-21 will be in negative or near zero, owing to the coronavirus pandemic.
The Finance Minister was speaking at the 4th Annual India Energy Forum by CERAWeek on Oct 28.
She further said, "Festival season has commenced in India, as a result of which I expect the demand to go up and therefore, be sustainable also." Sitharaman added, “Foreign Direct Investment (FDI) inflow have seen 13 per cent growth in Covid-19 affected April-August 2020 compared to April-August 2019.” Watch the full video for more details.
Addressing at an event in the national capital on December 25, Union Finance Minister Nirmala Sitharaman spoke on farm laws. FM Sitharaman said, "Opposition parties in their manifestos for 2019 Lok Sabha elections called three Farm Laws important for providing relief to the farmers." "Since, the government that passed the laws is not theirs, but Prime Minister Narendra Modi Ji's, they can't accept it and are opposing it," she added.
Prime Minister Narendra Modi said the government is ready to hold discussions over the farm laws based on facts. PM Modi said the government is even ready to talk to those opposing the laws. This comes as farmers’ protest at Delhi borders entered 30th day. Union Finance Minister Nirmala Sitharaman said that PM Modi responded to all the queries and clarified all the doubts over farm laws. Sitharaman added that the government is ready to openly hold discussions if there are still doubts. Watch the full video for more details.
Credit: HT Digital Content Duration: 05:52Published
A day after Congress leader Rahul Gandhi alleged the centre is helping the corporates through the new farm laws amid the protests by farmers in Delhi, Finance Minister Nirmala Sitharaman on December 25 accused the former of hypocrisy by saying that the Congress had these reforms mentioned in its 2019 Lok Sabha election manifesto. "I want to ask Rahul Gandhi that were these pro-farmers policies not mentioned in the 2019 election manifesto of Congress? They are protesting just because those reforms are being implemented by PM Modi, and not them," Sitharaman told reporters in Delhi where she virtually attended the release of the next instalment of PM Kisan Nidhi Samman Yojana.
Prime Minister Narendra Modi during a keynote address at ASSOCHAM Foundation Week 2020 on December 19 said that India received a record amount of FDI during COVID pandemic. PM Modi said, "The world has confidence in the Indian economy. During the coronavirus pandemic when the world is distraught over channelling investments, we have received a record amount of FDI. We have to increase our domestic investments in order to sustain this confidence."
Union Finance Minister Nirmala Sitharaman attended 4th Annual India Energy Forum by CERA Week on Oct 27. She said, "India's growth this year will be negative or near zero. Next year India can be one of..
As the Indian economy continues to contract amid the Coronavirus Pandemic, The international Monetary's prediction for India doesn't look promising. According to the International Monetary Fund, India..
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