‘No question of India going into recession’: What Nirmala Sitharaman said in Parliament

Here are the minister’s top quotes:

🔴 India’s debt to GDP ratio has come down to 56.29 per cent in FY22, much lower than many nations, Sitharaman said. She noted that the gross NPAs of scheduled commercial banks have reached a six-year low of 5.9 per cent.

🔴 Citing GST collection and macro data, Sitharaman said the Indian economy was getting more robust.

#SansadUpdate

I fully credit the people of India … that we are able to stand up & be recognised as fastest growing economy: FM @nsitharaman
replies in #LokSabha on discussion under #Rule193#MonsoonSession @FinMinIndia @nsitharamanoffc pic.twitter.com/lnoJQw12Bu

— SansadTV (@sansad_tv) August 1, 2022

🔴 This is the sixth time that the monthly GST collection crossed the Rs 1.40-lakh-crore mark since the inception of Goods and Services Tax and the fifth month at a stretch since March 2022, Sitharaman said.

🔴 The finance minister further said that the government is making efforts to bring down retail inflation below 7 per cent.

🔴 Sithraman said the prices of edible oils have corrected sharply following the steps taken by the government.

🔴 Further stating that India’s economic fundamentals are perfect, Sitharaman asserted that the country as sufficient forex reserves.

🔴 She also said that the banking sector in the country is healthy compared to other countries.

Expressing dissatisfaction over the reply of Finance Minister Nirmala Sitharaman, members of Congress and DMK on Monday walked out of Lok Sabha.