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Sitharaman: Reduction of GST rates, 70,000 cr boost for state-run banks

Government to release additional Rs 70,000 crore into public sector banks, withdrawal of surcharge on capital gains on FPIs and other measures announced by FM Nirmala Sitharaman to revive the economy

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Nirmala Sitharaman on India's GDP growth. Pic/ANI

Nirmala Sitharaman on India's GDP growth. Pic/ANI

New Delhi: Finance Minister Nirmala Sitharaman on Friday said India's GDP continues to grow at a faster pace than the global economy and any other major economy. Addressing a press conference on the state of the economy, she said reform is a continuous process for her government and it tops the agenda

Nirmala Sitharaman said that the global GDP growth may be revised downwards from the current estimate of 3.2 per cent, adding that globally the demand was going to be weak. But the Indian economy was growing faster than the global average and all other major economies, she added while announcing a stimulus package to boost the economy of the country.

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