Wait for holistic response for stressed sectors: Finance secretary

AJAY BHUSHAN PANDEY talks about the Budget, revenue collection, and the goods and services tax (GST) compensation mechanism

Finance Secretary AJAY BHUSHAN PANDEY tells Dilasha Seth and Indivjal Dhasmana that there are positive indications that economic activity is picking up. He says the government is taking suggestions on stressed sectors from representative bodies and will come out with a holistic response. He talks about the Budget, revenue collection, and the goods and services tax (GST) compensation mechanism. Edited excerpts:

While green shoots in the economy are visible, critics attribute it to pent-up demand.

We have seen signs of recovery over the past few months on various parameters, including electricity consumption, purchasing managers’ index, and GST collection. GST collection