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.
Read:| Indian economy revives from Covid induced crisis: President
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.
Read:| Budget 2021-22: MSMEs seek moratorium on routine compliances for five years
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
Read:| Indian economy enters positive territory, records 0.4 pc growth in Oct-Dec
