Finance Minister Optimistic About 10.5% Growth Target, Says Car Stocking Shows Economic Buoyancy

Finance Minister Nirmala Sitharaman expressed optimism that India could achieve its 10.5% nominal economic growth target this fiscal year.
Sitharaman said stocking of passenger vehicles by dealers is an indicator of good economic activity and buoyancy.
India is looking to sell its 30.48% stake in IDBI Bank, while LIC will sell 30.24% shareholding.
When asked about a 10% tax on diesel vehicles, Sitharaman said she is looking at an economy that has to grow.
Around 22 countries are negotiating and exploring bilateral trade with India in rupees.

reuters.com

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Posted 9/15/2023, 10:12:00 AM