Answer a certain question during the question hour the Finance minister of India had these words to share “The economy has started moving slightly, but I still am not quite sure because other problems may come from adverse impact of scanty rainfall,”
He was answering a question on credit slowdown. He said credit was required to invest in future growth and carry out business and other productive purposes. The Minister assures that the economy is moving positively though slowly. Economic activities and their effects are not “switch off” and “switch on”. The government has rolled out two stimulus packages that are to lift the economy further.
“Even if we take action today by adjusting the credit policy, it will take some more time to get its full impact on the overall economy,” Finance Minister said.
We hope the economy really moves ahead and more jobs are created. Particularly the textiles and exports industries need a stimulus and revamping.
Contributed by Rooturaj Pattanaik
Source : Business Standard
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