INSUBCONTINENT EXCLUSIVE:
Nirmala Sitharaman on Economic Recovery: RBI's forex reserves have reached $560 billionThe economy is undergoing a strong recovery due to
unrelenting and systematic reforms undertaken by the government, the Finance Minister Nirmala Sitharaman said
"All economic indicators are revealing that recovery is clearly happening," the Finance Minister asserted, while addressing a press
conference to announce additional stimulus measures to boost growthDetailing the strong economic revival, Ms Sitharaman highlighted that
output is at the highest level in the last 9 years
collections were at Rs 1.05 lakh crore in October, up 10 per cent on a year-on-year basis.She also noted that Moody's has reassessed India's
nationwide lockdown.That package had included monetary and fiscal support worth Rs 21 lakh crore, which the government said was equivalent
to 10 per cent of the country's gross domestic product (GDP).
