India needs to act now to fix economy: FM Arun Jaitley

Written by Reuters | New Delhi | Updated: Jun 24 2014, 18:38pm hrs
Arun-JaitleyFM Arun Jaitley says Finance Ministry is a challenging job in view of the economic slowdown in the last two years.
India needs to act now to fix the health of its economy, which is facing a challenging time, Finance and Defence Minister Arun Jaitley said on Tuesday.

"Finance Ministry is a challenging job in view of the economic slowdown in the last two years," said Jaitley.

Asia's third-largest economy has been growing below 5 per cent for the past two years, the longest spell of sub-par growth since the 1980s.