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No amount of govt intervention enough for pandemic-hit economy: FM

Dec 18, 2020 14:45 IST

Finance Minister Nirmala Sitharaman said on Thursday that the government has taken several measures to support the economy but no amount of intervention will be adequate to deal with the crisis triggered by the Covid-19 pandemic.

Addressing the annual general meeting of the Indian Chamber of Commerce, Sitharaman said that while in early 2020 green shoots and revival signs of the economy were visible, it was upset with the pandemic setting in.

On the next Budget, she said that public expenditure, including on capital and infrastructure, will be kept up.

Sitharaman said several sovereign and pension funds are willing to come to India with long-term commitments, which is leading to the higher inward flow of FDI than comparable economies.

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