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Industry seeks Rs 1 lakh crore to revive economy

In a meeting with Finance Minister, Smt. Nirmala Sitharaman, India Inc is demanding an amount of Rs 1 lakh crore to kick-start the investment cycle and to give a boost to India’s sagging economy. Some of the issues that were flagged in the meeting included the gruesome state of India’s sectors like steel, NBFC, and automobile. They also argued that the benefits of rate cuts by the banks need to be passed on to the final consumers.

JSW Group Chairman, Sajjan Jindal stated that: “It was decided that the government is going to take action very soon to revive the industry and it is a matter of sentiments. We got positive feedback from the finance minister”.