2 years ago
Finance Minister Nirmala Sitharaman sees capital spending fuelling growth
The HinduIndia plans to sustain its high growth rate through more government capital spending but will also focus on health and education next year, Finance Minister Nirmala Sitharaman told the Reuters NEXT conference on Wednesday. "We would continue to push capital expenditure, and that I’m saying even as I’m preparing for the next Budget," Ms. Sitharaman said. Rupee to stabilise Ms. Sitharaman said the government was comfortable with the country's current foreign exchange reserves but believed that the rupee would stabilise without much intervention from the central bank. "Newer areas are growing, sunrise sectors are being supported by the government, so I look forward to a very good, fast-growing Indian economy in this year and the next."
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History of this topic
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