Finance Minister Arun Jaitley addressed the media about high-level meeting on global economic scenario chaired by PM Narendra Modi on Tuesday that was attended by top CEOs, bankers, economists and ministers.
Jaitley said that India will be among lesser impacted economies because of the global economic turmoil.
Here are the highlights of the press conference:
– Prime Minister lays thrust on low cost manufacturing; lays emphasis on job creating sectors such as MSMEs
– Prime Minister, India Inc, economists analysed impact of global events that present an opportunity for India
– Ease of doing business, cost of labour and capital, stalled projects raised by participants at the meeting
– Many participants wanted monetary policy easing by RBI
– Steps to strengthen economy include stepping up investment in infrastructure, agriculture and public investment