Amid concern over the fall in the GDP levels to a three-year low in the April-June quarter, the Government today said it was moving consistently towards its reform agenda and would take all the necessary steps to revive growth.
Finance Minister Arun Jaitle said 'We have taken note of all economic indicators. This is a pro-active Government. We have been taking appropriate actions and are consistently moving on the reform agenda. In the last few days, I have held discussions with my ministerial colleagues, secretaries and experts in the government. The Government will take any additional steps that are necessary.'
Yesterday Jaitley had held a review meeting that was attended by Commerce Minister Suresh Prabhu, Railway Minister Piyush Goyal and Niti Aayog vice-chairman Rajiv Kumar. There has been concern in recent months over a drop in the GDP levels, which economists seen as a direct offshoot of the demonetisation decision of the NDA Government last year. Since early 2016, GDP growth has fallen for six consecutive quarters, slumping to a three-year low in the April-June quarter.