There are green shoots visible in various sectors of the economy and the country is already looking at a ‘V-shaped’ recovery, Minister of State for Finance and Corporate Affairs Anurag Thakur said on Saturday.<\/p>\n\n\n\n
“India is already looking at ‘V-shaped’ recovery. Along with the green shoots in various sectors, in the month of February, FPI inflows were Rs 25,787 crore,” Thakur said at a virtual conclave organised by the Institute of Actuaries of India.<\/p>\n\n\n\n
After two consecutive quarters of contraction, the country’s gross domestic product (GDP) entered into a positive territory with a growth of 0.4 per cent in the October-December quarter of the current fiscal, according to the data released by the National Statistical Office (NSO) in February.<\/p>\n\n\n\n
Thakur said the country’ foreign exchange reserves, which have been steadily increasing over the last few months, had touched all time high at USD 590 billion in January 2021.<\/p>\n\n\n\n
He said the accretion to the forex reserves in the last eight month was USD 100 billion.<\/p>\n\n\n\n
“These are signs of confidence that the global funds and investors look at India as a destination to invest and they are bullish about India’s growth story,” Thakur added.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
There are green shoots visible in various sectors of the economy and the country is already looking at a ‘V-shaped’ recovery, Minister of State for Finance and Corporate Affairs Anurag Thakur said on Saturday. “India is already looking at ‘V-shaped’ recovery. Along with the green shoots in various sectors, in the month of February, FPI inflows were Rs 25,787 crore,” Thakur said at a virtual conclave organised by the Institute of Actuaries of India. After two consecutive quarters of contraction, the country’s gross domestic product (GDP) entered into a positive…<\/p>\n","protected":false},"author":1,"featured_media":29706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6,4],"tags":[],"_links":{"self":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29705"}],"collection":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=29705"}],"version-history":[{"count":1,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29705\/revisions"}],"predecessor-version":[{"id":29707,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/posts\/29705\/revisions\/29707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=\/wp\/v2\/media\/29706"}],"wp:attachment":[{"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=29705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=29705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinnews.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=29705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}