- The Economic Times
Nirmala Sitharaman says economy 'sound', inflation 'manageable'
Finance Minister Nirmala Sitharaman in an interview to Bloomberg television said India's economy 'appeared sound' and expressed confidence that quickening inflation will be controlled.
“We’re looking very sound,” Sitharaman said in “Balance of Power” with David Westin. “The recovery seems to be sustainable.”
India had started slowing even before the pandemic, mainly due to a crisis in its shadow banking sector. The shock of Covid-19 led to its biggest-ever contraction, with restrictions sapping demand in the consumption-driven economy.