New Delhi: Finance Minister Nirmala Sitharaman on Wednesday said the Indian economy may have slowed down but there is no threat of a recession. Replying to a discussion on the economic situation in the country in Rajya Sabha, she reeled out numbers comparison between five years under Congress-led UPA-II regime from 2009 to 2014 and the BJP's first term from 2014 to 2019 to say inflation was lower and growth higher under the Modi government.

FDI inflows in 2009-14 were $189.5 billion and the same were $283.9 billion under BJP rule in the following five years, she said, adding foreign exchange reserves rose to $412.6 billion under BJP from $304.2 billion in UPA-II. "Every step being taken is in the interest of the country. Looking at the economy in discerning view, you see that growth may have come down but it is not recession yet, it won't be recession ever" she said.