India’s economy is in doldrums and Finance Minister is majorly dependent on the private sector to boost the economy and create jobs. But that’s not happening anytime soon. Modi government’s first tenure imposed several measures to ensure the economy grows faster by coming down hard on the NPAs.
But the backlog which the government had due to various scams under the UPA rule made it a tough task. Demonetization and GST made sure that economy will take some more time to recover.
Finance Minister Nirmala Sitharaman dismissed the concerns related to the economy slowing down and took advice from various industrialists and economic advisors.
All this while, Finance minister Nirmala was seen taking various measures but none was astute enough to bring the economy to the level where UPA had brought it down and after running out of the options to further ruin the economy, the minister decided to take help from Raghuram Rajan, the poster boy of economic crisis in India. A self-acclaimed ‘best governor’, it was under his term as governor when big businessmen looted the Indian banks.
Giving hint about her next step to improve the economy Nirmala Sitharaman quoted Raghuram Rajan and said “I do what I do”, the baffled media persons left the conference.
