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‘No need for exaggerated panic, have faith in Indian economy’

Finance Minister Arun Jaitley said investors must keep faith in the “inherent strength” of Indian economy rather than getting swayed by the global headwinds

Source: PTI

No need for exaggerated panic, have faith in Indian economy

A major sell-off in global markets has created a chain reaction impacting the markets world over including in India, says Jaitley

 

Amid continued nervousness in the stock and currency markets, Finance Minister Arun Jaitley on Friday sought to calm the frayed nerves saying investors must keep faith in the “inherent strength” of the Indian economy rather than getting swayed by global headwinds.

He also stressed that the government will soon announce more steps to empower public sector banks to recover bad loans that are hurting their profitability.

Talking to reporters at the Finance Ministry a day after the stock market...

The post ‘No need for exaggerated panic, have faith in Indian economy’ appeared first on The Dollar Business.



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