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

Jun 24 2014, 13:08 IST
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FM Arun Jaitley says Finance Ministry is a challenging job in view of the economic slowdown in the last two years. FM Arun Jaitley says Finance Ministry is a challenging job in view of the economic slowdown in the last two years.
SummaryIndia's growth has been below 5 pct for past 2 years, longest spell of sub-par growth since 1980s.

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.

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