Economy fundamentals strong; markets show faith in Budget 2020: Sitharaman

FM says country's macroeconomic parameters are sound

Finance Minister Nirmala Sitharaman said on Saturday that key macroeconomic parameters of the country were “sound” and the government was working towards the goal of reaching an 8 per cent growth rate.

“The economy is strong, foreign exchange reserves are at its highest, and investments from abroad continue steadily,” Sitharaman said while interacting with economists, traders, and industry associations at an event in Chennai. 

“We are sound in macroeconomics. Even though there are discussions on whether the economic growth has come down to 5 (per cent) or 6 (per cent) from 8 per cent, our base is as strong as it was