India’s Jaitley says government will appropriately respond to economic challenges

Indian finance minister speaking in New Delhi 24 Oct

  • India ready to deal with challenges as they develop
  • aim is to retain India’s high growth economy status
  • effort is to sustain high economic growth rate
  • structural reforms bring long-term benefit
  • India’s macro economic fundamentals remain sound
  • govt has chalked out roadmap to boost economy

What do our readers in India think ? Jaitley talking hot air or can govt policies make a positive impact?
Economic affairs secretary Garg:

  • inflation will not cross 4% this year
  • inflation consistently down in last 3 years
  • current account deficit very low
  • slower growth in GDP has bottomed out
  • GDP growth will soon be over 8%

Over 8% ? Wow. Indian bond yields dropping as the comments break. 2027 bond yield down 3bps to 6.77%                               Jaitley- India ready to deal with challenges Article Source

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