• Deccan Chronicle
  • Andhra Bhoomi
  • Asian Age
  • ePaper
  •  Auto Refresh
Home

ePaper
Last Updated:11:55 PM IST | Friday, Aug 12, 2022
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Menu
  • Home
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
Home > Economy > FinMin says fundamental of Indian eco robust, reforms to stimulate investments
Economy
FinMin says fundamental of Indian eco robust, reforms to stimulate investments
By  
PTI   , Published : Nov 8, 2019, 10:26 am IST | Updated : Nov 8, 2019, 10:26 am IST

Government of India has also proactively taken policy decisions in response to the global slowdown.

The ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.
The ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.

New Delhi: The government on Friday reacted strongly to Moody's Investor Service changing its outlook on India's ratings to negative, saying the fundamentals of the economy remain quite robust and series of reforms undertaken recently would stimulate investments.

In a statement soon after Moody's lowered the outlook to negative from stable, the Finance Ministry said India continues to be among the fastest-growing major economies in the world.

"India's relative standing remains unaffected," it said citing International Monetary Fund's (IMF) recent World Economic Outlook putting Indian economic growth at 6.1 per cent in 2019 and rising to 7 per cent in the year after.

"As India's potential growth rate remains unchanged, assessment by IMF and other multilateral organisations continue to underline a positive outlook on India," it said.

The ministry said the government has undertaken series of financial sector and other reforms to strengthen the economy as a whole.

"Government of India has also proactively taken policy decisions in response to the global slowdown. These measures would lead to a positive outlook on India and would attract capital flows and stimulate investments," it said.

"The fundamentals of the economy remain quite robust with inflation under check and bond yields low. India continues to offer strong prospects of growth in the near and medium term."

end-of
Tags: 
finance ministry, economy, gdp, government
Location: 
India, Delhi, New Delhi
Latest From Economy
Former RBI governor Urjit Patel has written a book titled Overdraft: Saving the Indian Saver.

Urjit Patel: Why our banks aren't saviours of the Indian saver

FIEO Director General Ajay Sahai said the global situation is likely to improve in the first half of 2020, which would have a positive impact on India's exports.

Exports to rebound in 2020 but growth to remain subdued

ICRA Economist Aditi Nayar expects moderation in vegetable prices to a large extent by early 2020. (Photo: File)

Inflation leaves consumers teary-eyed as pricey onions, food items bite

Most Popular

Mukesh Ambani 9th richest on Forbes' real-time billionaires list
Top credit card myths harmful for your financial well-being
Microsoft CEO Satya Nadella tops Fortune's Businessperson of the Year 2019
Employment growth slowed down in last two years: report
GST structure: key challenges and its solutions

Editor's Picks

Income tax e-filers drop by over 6.6 lakh in FY19: Official data
Swiping on your smartphone reveals a lot about you to your social media company
  • Read Financial Chronicle as it appears in print.
  • Subscribe, and get it delivered in the inbox everyday.
  • Politics, Plan And Policy
  • Markets
  • Companies
  • Economy
  • In Other News
  • Autos
  • Just In
  • Home
  • About Us
  • Contact Us
  • Terms of Service
  • Privacy Guidelines
  • Copyright © 2019 Financial Chronicle, All rights reserved
Developed & Maintained By Daksham