Union Minister for Finance and Corporate Affairs Nirmala Sitharaman said on Friday that the International Monetary Fund’s latest projection of a 7.4 per cent economic expansion for India in FY23 was broadly in sync with the Government’s own assessment — but added that given the downside risks from external factors, it was not yet time to drop caution on the growth front.
Speaking at an interactive session moderated by Financial Express editor Shyamal Majumdar before giving away the FE Best Bank Awards in Mumbai, Sitharaman said that robust corporate tax collections were a clear sign that private investments were picking up on the promise of durable consumption demand.
The Union Minister also hinted at sustained support to exports, as “these are facing external headwinds” and steps to attract more foreign investment. “We (want to) draw in more (foreign) investments into India so that the growth momentum is not lost. We…
