Finance Minister Nirmala Sitharaman said the economy was not a problem and there are signs of growth. He said the country’s economy is moving toward a $ 5 trillion dollar economy.
He also listed the steps taken by the government for the development of the economy, pointing to FDI growth and industrial production in the country. He said that the collection of GST has reached Rs one lakh crore in the last three months. He added that the economy was not currently in crisis as the features clearly marked the country’s growth. In response to a debate on the federal budget in the Lok Sabha, he noted that the country’s foreign exchange reserves are higher than ever and stock markets are rising.
There are four main indicators for growth: private investment, exports, private and public spending.
He also pointed to the announcement of the government’s National Framework Plan, published in December last year in response to the government’s investment. He pointed out that in the next four years, infrastructure and development projects worth Tk 1.5 lakh crore will have to be implemented.
He also pointed out that the minimum and minimum rabbi prices have been raised during the monsoon season to increase human acceptance.
He noted that during the Congress-led regime, the country’s financial deficit was high and the physicians who knew the economy efficiently managed it effectively.
Talking to former finance minister Dr Chidambaram, he accused the country’s economy of being in dire straits at any time and complained that inexperienced doctors were watching it. In reply, Finance Minister Nirmala Sitharaman said this.