(FE)
As the Central Statistics Office (CSO) said the country’s gross domestic product (GDP) grew at a 25-quarter low rate of 5% in April-June with private consumption and manufacturing faltering the most in a rather broad-based slowdown, finance minister Nirmala Sitharaman on Sunday said the government was responding to the issues confronting the economy “sectorally”. Outlining the government’s approach, she asserted that, “every sector of the Indian economy, when it approaches us, we (the government) hear them out for solutions that they want and we respond to it”.
She was addressing media persons here after a meeting with the officers of the Customs, goods and service tax and income tax departments. Asked what was her message to people who had lost their jobs and those fearing job losses, Sitharaman said, “I can only say we are responding to the industry requirements. Across the board, there is no one particular answer that I can give, saying this is the magic wand. Sectorally, what they want, we are responding,” she said.
