Up and down in GDP are part of growth process: Finance Minister

Amid concerns related to India’s economic growth, Finance Minister Nirmala Sitharaman has said that the up and down in Gross Domestic Product (GDP) are part of the growth process and the government is responding to the current economic challenges to revive demand and consumption in the country.

Finance Minister further noted that they will try to frontload infra spending as much as possible, highlighting steps being taken to increase consumer confidence in market. She also said that the government is conscious on the need to respond to the slowdown in the auto sector.

Besides, Sitharaman said that the government response on home buyers will be sooner than later. On the falling Goods and Services Tax (GST) revenues, Finance Minister said collections need more attention and the government needs to widen the tax basket.