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FM Sitharaman cites PMI, FDI, stocks markets to show 'strong recovery'
Updated On: 12 November, 2020 02:35 PM IST | Mumbai | IANS
Nirmala Sitharaman also said that bank credit has grown by 5.1 per cent on a year-on-year basis. FDI inflows in April-August stood at $35.37 billion, 13 per cent higher on a year-on-year basis
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Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Thursday said the Indian economy was witnessing a strong recovery.
Addressing the media here, Sitharaman cited several data, including the growth in Composite Purchase Managers Index (PMI), GST collections, FDI inflow and the stock markets' recent surge to record highs to show a strong revival of the Indian economy.
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