‘GDP slowdown in Q2 not systemic, economic activity to compensate’: Nirmala Sitharaman
Hindustan TimesThe recent slowdown in India's gross domestic product growth rate was not “systemic” and economic activity in the third quarter would compensate for the moderation, Finance Minister Nirmala Sitharaman asserted on Friday. I expect Q3 to make up for all these.” The senior BJP leader added, “So, the growth number is something which is not necessarily going to be badly affected. We need to push up on many other factors.” Further, the minister stated that factors which affected GDP growth include “plateauing global demand that affected export growth.” “Purchasing power of Indians is improving, but within India, you also have concerns of wages saturating. She also praised Prime Minister Narendra Modi, noting that he “looks at an opportunity in challenges.” “During Covid-19, the challenge was seen as an opportunity to bring reforms.