(ET)
The government is seized of the problem of low private investment and it will take appropriate action at the right time to revive the economy, finance minister Arun Jaitleysaid on Thursday. “From day one, this is a proactive government. We are analysing the economic indicators and appropriate action will be taken at right time,” the Ministry of Finance quoted Jaitley as saying in a tweet. Jaitley was addressing an investor summit in Delhi.
Jaitley further said, “There is problem of private investment. Government is seized of the issue. Very soon you will hear from us.” On the goods and services tax (GST) regime, the finance minister said that the government has so far been able to contain impact of inflation post-GST rollout, adding that real estate is the most easy sector to be brought under the indirect tax regime. Jaitley has been holding a series of discussions with his ministerial colleagues, secretaries and other experts within the government to devise a strategy for reviving the economy. On Wednesday, he had said that the government will take “any additional moves as necessary” to support economic growth.
