FM Nirmala Sitharaman says macroeconomic fundamentals are sound

The finance ministry's assessment of the impact of the second wave on the economy will take a bit longer considering the timings and uncertainties, she said

India’s macroeconomic fundamentals remain sound, which is reflected in the robust investment flows into the country, Finance Minister Nirmala Sitharaman told Business Standard in an exclusive interview.

“Just before the second wave of the pandemic hit, the high frequency indicators were robust, be it domestic factory orders, goods, services, electricity consumption, foreign direct investment flows, foreign exchange reserves etc,” she said.

Responding to a question on the rapid rise in stock market indices and the Reserve Bank of India’s caution on a bubble, Sitharaman said, she doesn’t want  to jump to such a conclusion. “It’s a different story that if