"Growth Down, But There Won't Be Any Recession," Says Nirmala Sitharaman | Read

Finance Minister Nirmala Sitharaman said on Wednesday that economic growth may have slowed but there is no recession yet. "There is no recession; there will be no recession," Nirmala Sitharaman said responding to the debate in Rajya Sabha on the issue of slowing economic growth and Opposition's charge that the economy was in a state of recession. "I will put on record every step being taken," she said. Her remarks come days ahead of the release of official gross domestic product (GDP) numbers for the July-September period.