Begin typing your search...
Never spoke of fiscal stimulus to revive growth: Jaitley
There was never any talk by the Indian government about announcing a fiscal stimulus package for boosting the economy, Finance Minister Arun Jaitley asserted. “I have not used that phrase (fiscal stimulus).
By
migrator
migrator
Washington
I said we will respond to situations and your fraternity translated the word respond as meaning stimulus,” Jaitley told reporters here on Saturday at the end of his week-long official visit to the US.
“So you are the ones who should be answering and not me,” he said adding that since it was the Indian media which had mentioned fiscal stimulus, “you should ask them” about it.
Following a sharp fall in latest key macro indicators such as the Gross Domestic Product (GDP) and industrial production, Jaitley, last month, hinted at a package of measures to boost the economy.
But he refused to divulge details, saying the measures would be unveiled only after consultation with Prime Minister Narendra Modi. “We have taken note of all the economic indicators that are available.
This has been a pro-active government on the reforms agenda. I have had a series of discussions with ministerial colleagues and various secretaries.
Visit news.dtnext.in to explore our interactive epaper!
Download the DT Next app for more exciting features!
Click here for iOS
Click here for Android
Next Story
