Indian economy resilient, to rebound on strong fundamentals: Anurag Thakur

Thakur said reforms undertaken, and strong fundamentals ensured India is witnessing a 'swift' rebound from a contraction of 24.4 per cent in April-June 2020 to a growth of 1.6 per cent Jan-March 2021.

Hitting back at former Finance Minister P. Chidambaram over his remarks on mismanagement of economy, Minister of State for Finance Anurag Thakur said the Indian economy is resilient, and will rebound based on reforms that have ensured strong fundamentals.

Thakur said reforms undertaken by the government, and strong fundamentals have ensured India is witnessing a “swift” rebound from a contraction of 24.4 per cent in April-June 2020 to a growth of 1.6 per cent in the January-March 2021.

Former Finance Minister Chidambaram on Tuesday had said, 2020-21 has been the "darkest year" in four decades considering the performance of the