Finance Minister Nirmala Sitharaman today said that there is no chance of India getting into recession or stagflation.
Here are the top quotes from Nirmala Sitharaman's speech
- The pandemic, second wave, omicron, Russia-Ukraine, even today largest supply components in China are under lockdown. In spite of that, we have held inflation well within 7% or below.
- Currently retail inflation is at 7 per cent. During UPA rule from 2004 to 2014, the inflation went into double digits. During that period, the inflation was above 9% for 22 consecutive months.
- No question of India getting into stagflation or recession.
- It is not that the country does not have problems. But we have to do (fix) it together.
- Despite the pandemic, India recovered admirably. This house will have to feel proud for this country and its people.
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