Economics
India in No Hurry to Unwind Pandemic-Era Stimulus, FM Says
- Rising oil prices are a challenge to government spending plan
- Sitharaman is due to present next annual budget in February
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India is in no hurry to withdraw the pandemic-era stimulus and is ready to do more if required to support the nation’s economic recovery, the country’s finance minister said.
“They will continue,” Finance Minister Nirmala Sitharaman said in an interview in New York, Sunday, referring to fiscal measures to counter the impact of the Covid-19 outrbreak. “The emphasis on building health infrastructure will continue,” and so will government spending on capital expenditure and infrastructure, she said.