India's finance minister says gov't working on more measures to boost economy

Source: Xinhua| 2019-12-07 19:50:57|Editor: xuxin
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NEW DELHI, Dec. 7 (Xinhua) -- Indian finance minister Nirmala Sitharaman said on Saturday that her government was working on more measures to revive the country's economy.

"My attention will be only on making sure more is done towards greater stimulus," Sitharaman said at a leadership summit organised by a local daily.

Sitharaman said she believes that some sectors of the economy do need a push to revive growth but suggested that she would not go by the assessment that the economy had already bottomed out.

"I like to believe that is true of some sectors in specific but in some other sectors maybe they would want some more help. I don't want to lead to a state of lull," she said.

The finance minister, however, stressed that 4.5 percent growth, the last set of figures on the gross domestic product (GDP), relate to the three months ending September. The government started announcing steps to revive the economy in August-September, she said.

India's economic growth rate slowed to 4.5 percent during the period from July to September.

Experts attributed the slump to poor performance in the agriculture and manufacturing sectors.

Analysts say India lost its position as the fastest-growing major economy.

The Indian government has set a target of making the country a 5 trillion U.S. dollar economy by 2024.