No Fear Of Recession in India, Says Sitharaman

Brut India

"No recession ever.” The opposition parties may have staged a walkout, but India’s finance minister was boisterous about fighting the economic slowdown.

Transcript

00:00You see that growth may have come down, but it's not a recession yet, or it won't be a recession ever.

00:30We're all here to see how best we can go forward, rather than accusing each other, thinking

00:53that no one is taking genuine steps towards the economy.

00:57So it's not a question of whether one is denying, accepting, no.

01:01I would like to place on record every step that has been taken.

01:07If actually if you're looking at the economy with a discerning view, you see that growth

01:14may have come down, but it's not a recession yet, or it won't be a recession ever.

01:21And therefore, yes ma'am, I did say that.

01:25So consciously all of us have to rise above, because economy also has a very big foundation

01:34in sentiments.

01:36And today, even when I'm facing the challenges and addressing them, the anxiety about fiscal

01:42deficit, I appreciate the anxiety, but people who ran it well above five should know what

01:48is fiscal deficit and fiscal management.

01:51So with all this said, sir, I would only want to highlight and assure the members who patiently

01:56heard me that we are conscious of the challenges which are being posed and faced by many of

02:04the sectors.

02:05We are already seeing many of those sectors responding.

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