Govt to provide more stimulus to push demand: Nath

Worried over the slowdown in industrial production and declining exports, the government today said it will continue to provide stimulus to the domestic industry.

"The government will continue to inject adequate funds into the economy and will continuously provide stimulus to the domestic demand-driven economy," Commerce Minister Kamal Nath told reporters on the sidelines of CII's India-Africa Partnership Summit here.

The government, he added, is "putting in money in long-term developmental projects to ensure that the global economic crisis does not impact India in any serious manner."

Already two stimulus packages have been rolled out by the Centre to neutralise the impact of the global financial meltdown on the country and the Reserve Bank of India, through a series of monetary steps, released about Rs 3,20,000 crore in the system.