Indian economy looking at ‘V-shaped’ recovery: Anurag Thakur
PTI, Mar 13, 2021, 12:20 PM IST
Mumbai: There are green shoots visible in various sectors of the economy and the country is already looking at a ‘V-shaped’ recovery, Minister of State for Finance and Corporate Affairs Anurag Thakur said on Saturday.
“India is already looking at ”V-shaped” recovery. Along with the green shoots in various sectors, in the month of February, FPI inflows were Rs 25,787 crore,” Thakur said at a virtual conclave organised by the Institute of Actuaries of India.
After two consecutive quarters of contraction, the country”s gross domestic product (GDP) entered into a positive territory with a growth of 0.4 per cent in the October-December quarter of the current fiscal, according to the data released by the National Statistical Office (NSO) in February.
Thakur said the country’s foreign exchange reserves, which have been steadily increasing over the last few months, had touched all-time high at USD 590 billion in January 2021.
He said the accretion to the forex reserves in the last eight month was USD 100 billion.
“These are signs of confidence that the global funds and investors look at India as a destination to invest and they are bullish about India’s growth story,” Thakur added.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Reverse migration has begun, says FM Nirmala Sitharaman
Markets sustain winning streak — Sensex jumps over 560 points, Nifty tops 22,300-level
Sensex climbs 640 points, Nifty tops 22,300-level in early trade
Insurance regulator IRDAI abolishes age restriction on health insurance product
Elon Musk says India visit delayed due to Tesla obligations
MUST WATCH
Latest Additions
Intense heat wave in eastern states spreads to south India
Sexual harassment case against ex-WFI chief: Court to pass order on closure report on May 20
Modi is ‘Vish Guru’, never respected ‘magalsutra’: Jairam Ramesh
TCS World 10K: New starting point, meticulous arrangements in place
Congress complains to EC, alleges ‘misinformation’ by BJP about manifesto