In an exclusive interview with Business Today's Managing Editor Rajiv Dubey, NITI Aayog vice-chairman Rajiv Kumar speaks on economic slowdown.
Rajiv Kumar on the state of economic slowdown:
"We are in a state of a beginning of a recovery. The slide has a long history, began about five years ago, towards the last two years of UPA. The 9.3 per cent growth was before 2012-13, and since then, the slide had begun. And, this was the downswing of business cycle and this has bottomout in July 2017."
He further said India needed an investment led fiscal stimulus and public expenditure must be raised to trigger growth in economy.
This special News Today edition covers Pakistan's decision to boycott its T20 World Cup match against India following Bangladesh's withdrawal. The program features analysis by Sunil Gavaskar regarding potential ICC sanctions.
On Moltbook, there are no human users.
In her 124-minute speech -- after which the Sensex plunged over 1,600 points before staging a partial recovery -- Finance Minister Nirmala Sitharaman announced a higher capital expenditure outlay of Rs 12.2 lakh crore for FY27 and set a fiscal deficit target of 4.3 per cent of GDP.
Prime Minister Narendra Modi said India’s 140 crore citizens are no longer content with being the world’s fastest-growing economy and want the country to become the world’s third-largest economy “as soon as possible.” He said the Union Budget gives equal importance to multiple sectors and lays the groundwork for achieving the vision of Viksit Bharat by 2047. Highlighting Nari Shakti, Modi praised Finance Minister Nirmala Sitharaman, calling the Budget historic for underscoring India’s commitment to women’s empowerment. “As a woman Finance Minister, Nirmala ji has set a new record by presenting the Union Budget for the ninth consecutive time,” the Prime Minister said, lauding her leadership and consistency.
