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October 06, 2017

Modi Defends the Economic Slowdown

Hindustan Times reports on Narendra Modi's defense of the economic slowdown and steps he will take to ensure growth revives. Modi listed his government’s reformist initiatives (87 reforms across 21 sectors), and pointed to recent data that shows the emergence of green shoots in the economy.

 

Sanjeev Sanyal, Principal Economic Advisor at the Ministry of Finance says, “While the prime minister has acknowledged the slowdown in recent quarters, he pointed out that macro parameters such as current account deficit, foreign exchange reserve and inflation are in the best shape ever.”

 

Read the full article here

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