August 2019 \ Business & Investment \ BUSINESS AND GOVERNANCE
India Inc wants Rs 1 lakh crore stimulus package

India Inc has sought a stimulus package ...

  • The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman chairing a meeting with the representative of Industry Sector, in New Delhi on August 08, 2019. The Minister of State for Finance and Corporate Affairs, Shri Anurag Singh Thakur and other dignitaries are also seen

India Inc has sought a stimulus package of Rs 1 lakh crore to push investment and demand and take the economy and industry out of slowdown. Finance Minister Nirmala Sitharaman in August met industry captains to seek consultations for boosting industrial growth in which India Inc placed a demand for stimulus package of over Rs 1 lakh crore to beat the slowdown.

Industry top officials said the Government has assured them to take steps soon to boost the economic growth. In a meeting with top industry leaders, called by Finance Minister Nirmala Sitharaman to discuss ways to revive the growth, Assocham President B.K. Goenka said amid the current slowdown in global and domestic market, there is a need to have quick-fix solutions. “The economy requires a critical intervention by introducing a stimulus package. We have suggested for a package of over Rs one lakh crore,” he said.