THERE IS NEED TO SUPPORT EXPORT-ORIENTED INDUSTRIES TO BOOST GROWTH: FINANCE SECRETARY

Finance secretary Rajiv Kumar is leading the team of bureaucrats assisting finance minister Nirmala Sitharaman in taking steps to boost sagging economic growth. In an interview to TOI, he suggested that exports needed to be boosted to help the manufacturing sector apart from substituting non-essential imports and indicated that some of the bank mergers will be completed by early 2020. Excerpts:

What is the overall sense of the slowdown?

In the last three-four years, there have been several structural changes. If you were to look at the earlier structure, there was lax discipline and standards across the financial sector, be it banks, borrowers, rating agencies or auditors, were weak.

https://economictimes.indiatimes.com/news/economy/foreign-trade/there-is-need-to-support-export-oriented-industries-to-boost-growth-finance-secretary/articleshow/70942702.cms

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