Home / Economy / News / Prompt policy measures helped to revive economy with minimal damage: FinMin

Prompt policy measures helped to revive economy with minimal damage: FinMin

Stating that agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of the economy

Premium

To contain the spread of coronavirus the government had imposed nationwide lockdown from March 25.

6 min read Last Updated : Jun 23 2020 | 3:35 PM IST

The Finance Ministry on Tuesday cited "green shoots" of recovery in agriculture, manufacturing and services sectors, and said the prompt policy measures taken by the government and RBI have helped reinvigorate the economy with minimal damage.

Stating that agricultural sector remains the foundation of the Indian economy, the ministry said that a normal monsoon, as has been forecast, should support the rebooting of the economy.

"Though the GDP contribution of the sector may not be very large (in relation to industry and services), its growth has a very positive impact on the large population dependent on agriculture.

Further, the recent

Topics : Coronavirus Lockdown Economic recovery Indian Economy

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in