Growth may have slowed down, but there is no recession: FM in Rajya Sabha

Nirmala Sitharaman
Finance Minister Nirmala Sitharaman in Rajya Sabha

Delhi: Growth may have slowed down, but there is no recession: Finance Minister in Rajya Sabha.

  • India’s GDP growth was 6.4% at the end of 2009-14, whereas between 2014-19 it was at 7.5%
  • If you look at the economy with a discerning view, you see that growth may have come down but it is not recession yet, it will not be a recession ever

Finance Minister Nirmala Sitharaman on banks and NPAs:

  • Provisioning doesn’t mean loans are being written-off by banks
  • Banks’ NPAs started increasing once they started recognising bad loans
  • NPA crises have been tackled by this government

Finance Minister Nirmala Sitharaman on Economy:

  • India’s GDP growth was 6.4% at the end of 2009-14, whereas between 2014-19 it was at 7.5%
  • If you look at the economy with a discerning view, you see that growth may have come down but it is not recession yet, it will not be a recession ever

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