File photo: Finance Minister Arun Jaitley.
Finance Minister Arun Jaitley held a press conference today in Delhi after Sensex slumped in its worst crash since 2009. He said the government is keenly monitoring the market but Rupee volatility remains a concern.
Here are the highlights from his speech:- Government was watching and analysing the global market. India was impacted when China devaluation occurred. Today we were badly affected
- Except currency all other our parameters are on sound footing.
- Prime Minister is of the opinion that in order to further strengthen our economy, we should take more steps.
- Further discussions to be held with private, public partners to take measures to attract investors and use this situation as an opportunity.
- We are not on any packages as of now as our internal fundamentals like industrial production, capital and public expenditure has improved.
- There is going to be no change in our strategy, but continue with our measures to attract investors.