There Is No Recession Yet Or There Won't Be Any Recession Ever: FM

Updated: Thursday, November 28, 2019, 9:26 [IST]

To usher confidence, the FM has once again in the Rajya Sabha said that though the state of the Indian economy is registering slow growth 'there is no recession yet or there won't be any recession'. She listed out a comparison of the macro-economic parameters of the NDA and the UPA i.e. for the term of 2009-14 and 2014-19. And suggested that steps should be taken to support the economy.

There Is No Recession Yet Or There Won't Be Any Recession Ever: FM

She said, "We are coming out with a lot of reforms and we want to assure the members of the response of the government. The PM himself is giving personal attention with all the time to understand the details to take decisions so that the economy can be better and move to a higher growth trajectory."

Emphasis was made on the fact that since the Budget 2019, 32 bold measures have been taken to provide the much needed impetus to the country's economic growth. Also, she highlighted that these steps have started to bear fruits and some sectors including auto has shown signs of recovery.

On the revenue front, the FM highlighted that both the direct and indirect tax mop up has risen in the first seven months of the FY2020 in comparison to the previous years.

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