Govt. ready to do everything to revive economy: FM

TIL Desk/Business/New Delhi/ Expressing the government’s commitment to continue with reforms, Finance Minister Nirmala Sitharaman on Thursday assured India Inc that it is ready to do everything required to revive and support economic growth hit by the COVID-19 pandemic.

Stressing that there is a need to promote growth as it helps bring down poverty, she however said it would not be at the cost of inflation. RBI has been mandated to keep inflation at 4 per cent, with tolerance level of 2 per cent on either side. Both the government and the Reserve Bank of India (RBI) are working in tandem to achieve the objective, she said while addressing the CII Annual Meeting 2021.

“You would have observed that in Modi 2.0 particularly and even earlier, the relationship with the RBI has been one of those in which we are working like partners to address the issues of the economy, even now, even during pandemic,” the finance minister said. Both are working in tandem — monetary side is keeping the momentum in the right direction while fiscal side is being taken care of by the finance ministry and coordination continues, she said.