India’s economic growth is likely to pick up in the October-March period as consumer demand is expected to improve, Finance Minister Nirmala Sitharaman said on Thursday.
India’s economic growth in April-June fell to a six-year low of 5%.
Ms. Sitharaman added that the private sector banks had assured her that there was no liquidity crunch and there was strong demand in rural areas.
Addressing the media following a meeting with the heads of the private sector banks, non-banking financial institutions and microfinance institutions, Ms. Sitharaman said many private banks had also agreed to take part in the government’s outreach effort to increase credit offtake in rural India.
この記事は The Hindu の September 27, 2019 版に掲載されています。
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