October 19, 2019

It may be both, may not be both; may be partly one or may be partly the other

Sitharaman waffled when asked if the current economic slowdown was because of cyclical or structural factors — an issue on which there has been fierce debate among economists.

“It may be both, may not be both; may be partly one or may be partly the other,” Sitharaman said. “I’m not getting into that at this stage. I don’t have the luxury of sitting and looking at which way it is going.”

The Union finance minister conceded that the economy wasn’t growing as fast as it once did. “It’s not 8 per cent. It’s not seven. It’s come down to six and so on…. But I don’t want to underestimate the potential that India is showing even in this adverse circumstance,” Sitharaman said.

Read more at https://www.telegraphindia.com/india/nirmala-sitharaman-and-piyush-goyal-dream-team-worthy-of-nobel/cid/1712685

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