National Affairs

Signs Of Revival In Economy, Growth In Current Year May Be Negative: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday, 27 October, said that there were visible signs of economic revival but that the GDP may be in negative zone or near zero in the current fiscal, reported news agency ANI. Speaking at India Energy Forum of CERAWeek, Sitharaman said, “Festival season has commenced in India, as a result of which I expect the demand to go up and therefore, be sustainable also.” With Unlock, macroeconomic indicators have shows signs of revival, Sitharaman said, adding that the focus is on public spending to boost economic activity. She also added that Foreign Direct Investment (FDI) between April and August of 2020, grew by about 13 percent as compared to non-COVID 2019’s comparable period.

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