Nirmala Sitharaman urges focus on Fuel, Fertiliser, Forex; hits out at critics for peddling pessimism
AI Summary
India's Finance Minister Nirmala Sitharaman emphasized the importance of focusing on fuel, fertilizer, and forex to sustain domestic growth. The government’s cut in diesel and petrol excise duties is expected to impact revenue by ₹1 lakh crore, reflecting policy measures to support the economy.
Stating that India's policy response has been calibrated to preserve domestic growth, FM said the cut in diesel and petrol excise duties will lead to a revenue impact of ₹1 lakh crore.