Indian Finance Minister calls for accelerated economic reforms for sustainable growth to overcome COVID-19 challenges

Indian Finance Minister Nirmala Sitharaman called for accelerated economic & other regulatory mechanism reforms for sustainable growth to fight covid pandemic triggered economic challenges while addressing a special session on ” Sustaining growth momentum during COVID Times ” organised by Merchants ‘ Chamber of Commerce & Industry (MCCI) in Kolkata on 20th April 2021. She mentioned Indian economy has been facing challenges of credit crunch since she took office in 2019. Even  Government managed to control the situation, the economy was faced with new challenges in 2020 due to covid pandemic-triggered lockdown. FM highlighted various key initiatives taken by the Government including widespread digitization in every sector of the economy. She emphasized  direct benefit transfer helped in reaching Government financial assistance to the poor. Sitharaman mentioned that during this covid pandemic, Government & Reserve Bank of India have the most cordial relation and monetary & fiscal policies are working together which gave a boost to growth.
FM emphasized “trust” between Government and Industry   & called upon Industry to support the Government’s reforms for the greater objectives of economic growth. 
FM  Sitharaman called upon Industry to rise up to the challenges & cooperate with Government to ensure steady growth during a covid pandemic.
While welcoming Smt. Nirmala Sitharaman India’s Finance  & Corporate Affairs Minister and Dr. Vinay Sahasrabuddhe, M. P. Rajya Sabha & President ICCR, Shri Aakash Shah, President MCCI lauded Government’s efforts that ensured “V” shaped economic recovery. Shri Shah highlighted recent concerns of the industry over the covid second wave and its possible impact on the economy.  Honorary Consul of Maldives Mr. Ram K Jaiswal thanked the Government of India for extending all-round support to the Government of Maldives during the current covid pandemic.