India's macroeconomic fundamentals remain strong: Arun Jaitley

Says India has been fastest-growing major economy for last three years

Finance Minister Arun Jaitley’s press conference on Tuesday, to announce a new bank recapitalisation programme, was also an image building exercise, coming at a time when the government is being criticised for its handling of the economy after demonetisation and goods and service tax and with growth slipping to its lowest in Narendra Modi’s tenure.

Jaitley said at the briefing India’s macroeconomic fundamentals remained strong, that it has been the fastest-growing major economy for the last three years and the Centre’s attempt is to maintain high growth rate in the coming years.

Three of Jaitley’s top bureaucrats, namely Finance Secretary