After 'hiatus', Arun Jaitley sees green shoots of economic recovery

Says banks' performance will be under test after recapitalisation

Finance Minister Arun Jaitley said on Saturday that structural changes brought in by measures such as the introduction of the goods and services tax (GST) had created a “hiatus” in the economy. But the economy was already showing signs of revival, he added. The FM also sent out a strong message to the banks asking them to perform after the Union government pumps in money to recapitalise them. “Resilience of the banking system is under test,’’ he said.

Banks had to take responsibility to spur economic growth after recapitalisation, the FM said. “The taxpayers in India and the body of taxpayers