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Nirmala Sitharaman Announces Atmanirbhar Bharat 3.0 Measures, Says Strong Recovery Clearly Happening

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Finance Minister Nirmala Sitharaman is announcing new stimulus measures to rescue the economy out of a historic contraction. "A number of indicators have are showing that recovery is clearly happening in the economy... The strong recovery is based on the unrelenting reforms that the government has brought in a systematic manner," the Finance Minister said in a media briefing. Her press conference comes at a time when economists have called for the need for further impetus to aid a revival in an economy battered by the world's biggest lockdown to curb the spread of COVID-19. The government's last monetary and fiscal support of Rs. 21 lakh crore, called the Atmanirbhar Bharat package, was introduced in May this year. Many economists say that the Atmanirbhar package has largely failed to soften blow of the strict coronavirus lockdown as it focused on providing liquidity and collateral-free credit for small businesses but with little actual spending.

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Category
Asia
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NDTV 24x7, Finance Minister Nirmala Sitharaman, Nirmala Sitharaman
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