India's GDP Growth Near Zero, Says Finance Minister

Brut India

"The next year... India is seeing itself as one of the fastest-growing economies." The economy is in a hole but not a very deep one, according to the finance minister.

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00:00The overall GDP growth notwithstanding the pandemic should be something which as is being

00:10predicted by the IMF even if it is going to be in the negative or near zero this time.

00:16Festival season has commenced in India as a result of which I expect the demand to go up

00:24and therefore be sustainable. The FDI flow inwards in India between April and August 2020

00:32grew by about 13% compared to the non-COVID-19 comparable period.

02:32The overall GDP growth notwithstanding the pandemic should be something which as is being

02:45predicted by the IMF even if it is going to be in the negative or near zero this time

02:53the next year will be very clearly India seeing itself as one of the fastest-growing economies.

03:02flow inwards in India between April and August 2020 grew by about 13% compared to the non-COVID

03:132019 comparable period. Globally, we are one of the lowest in terms of corporate taxation.

03:21For any investment which comes into manufacturing and which commences production by March 31st,

03:292023, they shall be paying only 15% corporate tax.

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