TIL Desk/Business/New Delhi/ Finance Minister Nirmala Sitharaman on Friday dismissed questions on a time period on the uptick probability of the economy amidst rising inflation and contracted factory output and second quarter GDP growth falling to 4.5% saying she would continue to intervene in the economy when and wherever needed.
“I am not engaging in any prediction based questions, neither will I answer speculations. I am looking at the economy and I will continue to address the problem of the industry and any crisis. I am here to intervene in the economy when needed,” she said in response to a barrage of questions on the probable time period of a higher growth return of the Indian economy.
“Till now, sectors that have demanded some kind of intervention, we have responded to them. I”ll be keen to see whether these steps are meeting the expectations of the sectors. If not, I may want to see if I need to do more. As of now, there is no other sector that has approached me as yet. “I will not engage in speculations over retail inflation and interest rates,” the FM said after being asked if there is a possibility of no more interest rate cuts by RBI in view of the high inflation.”
