(Aditya Shaw, Intern Journalist) -Prime Minister Narendra Modi had said that the economy is showing “green shoots” as the country emerges from the coronavirus lockdown and underscored the importance of being focussed on both life and livelihood. As part of this exercise, he had a meeting on the financial sector of the economy which is an important pillar in reviving growth and demand.
All the secretaries, including the Finance Secretary, were part of the meeting and more such meetings will take place during the week, sources said. Banks and other financial institutions are implementing the bulk of the measures announced under the Rs 20-lakh crore package.
Green shoots are visible in the economy which is expected to contract by 4.5 percent during the current fiscal.
Last month, Prime Minister Narendra Modi had said that the economy is showing “green shoots” as the country emerges from the coronavirus lockdown and underscored the importance of being focussed on both life and livelihood.
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