Finance Minister Nirmala Sitharaman on Wednesday informed Rajya Sabha that gross non-performing assets (NPAs) fell to 6-year low of 5.9 per cent in financial year 2021-22. Informing about the state of economy Sitharaman said that government's targeted approach to deal with Covid impact helped India in reviving growth without going into recession.
Highlighting pick up in private capital expenditure (CAPEX) she said that the private investment capex is happening in India because of favourable policies like Production Linked Incentive (PLI) schemes announced by the government.
She also informed the house that the government has raised supplementary demand for grants for food security, fertiliser requirements and to provide support to Indian economy.
Advertisement
(With PTI inputs)
Just one email a week