NEW DELHI: NITI Aayog Vice-Chairman Rajiv Kumar has retracted his statement on Friday. He said the media has misrepresented his statement. The government is taking tough decisions to revive the economy. False rumors are being spread about the slowdown. In the past 70 years, the country's economy is going through its worst phase.
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The Deputy Chairman of the Commission Rajiv Kumar said on Thursday that the government will have to eliminate the fear of the private sector so that they can boost investment. Rajiv Kumar said, the impact of the financial crisis is now visible on economic growth as well. So, the private sector needs to be encouraged to invest so that the income of the middle class can increase.
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It will also have an impact on the economy of the country. He said the financial sector has never been in such a state in the last 70 years. In the private sector, nobody is relying on anybody and is not willing to lend. Cash and money have started piling up in every sector.
The Government will have to take additional steps to bring these money sands into the market. The industry is in a state of dismay due to the ongoing recession in the country. A large number of jobs are going. The Opposition is targeting the Government.
These bold decisions of Arun Jaitley will always be remembered