Indian economy looking at 'V-shaped' recovery: Anurag Thakur

At a virtual conclave organised by the Institute of Actuaries of India, Minister of State for Finance and Corporate Affairs Anurag Thakur said that India is already looking at 'V-shaped' recovery. He also stated that along with the green shoots in various sectors, in February, FPI inflows were Rs 25,787 crore.

Mumbai: 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.

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After two consecutive quarters of contraction, the country's gross domestic product (GDP) entered into positive territory with a growth of 0.4 per cent in the October-December quarter of the current fiscal, the data released by the National Statistical Office (NSO) in February.

Thakur said the country's foreign exchange reserves, which have been steadily increasing over the last few months, had touched an all-time high at USD 590 billion in January 2021.

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He said the accretion to the forex reserves in the last eight month was USD 100 billion.

"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.

PTI

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