Latest Kannada Business news : Nirmala Sitharaman hit back at the opposition, said – there is no risk of economic slowdown in India

New Delhi. Inflation is being discussed in the Lok Sabha today. After criticism from all the opposition members, Finance Minister Nirmala Sitharaman hit back at the opposition and said that India’s economy is strong even after many adversities, while the condition of the biggest countries around the world is bad. Nirmala Sitharaman said, agencies like Bloomberg have said that there is no risk of economic slowdown in India.

we have enough reserve

Finance Minister Nirmala Sitharaman Said, those who are saying that the economy of Bangladesh is better than us. The Finance Minister said that those who are saying this should understand that Bangladesh has asked for $ 4.50 billion from the IMF. Apart from this, Pakistan has asked for $ 7 billion from the IMF. Sitharaman said, nothing like this is going to happen to us. We have enough reserves.

NPAs of banks are decreasing in the country

Union Finance Minister Nirmala Sitharaman said, the gross NPAs of scheduled commercial banks in India are at the lowest level in 6 years at 5.9% in 2022. China’s 4000 banks are on the verge of bankruptcy but NPAs are decreasing in India. He said, due to the efforts of the central government, the debt on the government is 56.9% of the GDP. According to IMF data, India is in a much better position than other countries where the debt on the government on an average is 86.9% of GDP.

Union Finance Minister Nirmala Sitharaman said, GST collection is more than 1.4 lakh crore rupees continuously for the last 5 months. The infrastructure sector grew in double digits in June. In June, the core sector registered a growth of 12.7% at an annual rate. Indian economy is showing very positive signs.

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