Govt to provide fiscal stimulus to boost industrial growth: Prabhu

Prabhu said that commerce and industry ministry was working closely with the ministry of finance and other departments to formulate the policy initiative by studying various sectors

Commerce and Industry Minister Suresh Prabhu said on Thursday that the government was exploring fiscal stimulus measures to spur industrial growth and promote job creation, amid concerns about a sharp slowdown in the economy.
 
Speaking at the World Economic Forum’s India Economic Summit, Prabhu said he was working closely with the finance ministry and other departments to formulate the policy initiative by studying various sectors. His remarks came a day after Prime Minister Narendra Modi said measures would be taken to reverse the trend of declining economic growth
 
“I am personally working with the Ministry of Finance, the