Niti Aayog Calls For Extraordinary Steps to Tackle Slowdown
ABP News Bureau | 23 Aug 2019 02:43 PM (IST)
Niti Aayog Vice Chairman Rajiv Kumar on Thursday said the government must do whatever possible to handle the high stress in the financial sector which has resulted in an economic slowdown.
Addressing the Hero Mindmine summit, Kumar urged the government to take suitable measures even if it meant taking some extraordinary steps.
"This is an unprecedented situation for the government of India. In the last 70 years nobody had faced this sort of situation where the entire financial system is under threat and nobody is trusting anybody else. Within the private sector nobody is ready to lend, everyone is sitting on cash.
Addressing the Hero Mindmine summit, Kumar urged the government to take suitable measures even if it meant taking some extraordinary steps.
"This is an unprecedented situation for the government of India. In the last 70 years nobody had faced this sort of situation where the entire financial system is under threat and nobody is trusting anybody else. Within the private sector nobody is ready to lend, everyone is sitting on cash.