Sitharaman bullish on double-digit GDP growth, says nation on strong wicket
Hoping for a double-digit growth in GDP in this financial year, Union Finance Minister Nirmala Sitharaman on Saturday said the nation is on a strong wicket when compared to others, and is responsive in terms of extending hand-holding to the required sections.
Speaking to media persons here, she quoted reports saying the country has zero per cent chance of slipping into recession.
"I hope for (double-digit growth). We will work for it... So if you're not on the verge of recession, it also gives me the confidence that if you are constantly responsive in terms of the sections which need hand-holding, in terms of the boost that we have to give to the economy..." she said when asked if she expects double-digit growth in the gross domestic product (GDP) for the year.
Recent figures released by the Centre indicated that the nation clocked 13.5 per cent growth in GDP in the first quarter of the current financial year. It was 20.1 per cent a year ago.
Sitharaman further said some may argue