"The next year... India is seeing itself as one of the fastest-growing economies." The economy is in a hole but not a very deep one, according to the finance minister.
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00:00The overall GDP growth notwithstanding the pandemic should be something which as is being
00:10predicted by the IMF even if it is going to be in the negative or near zero this time.
00:16Festival season has commenced in India as a result of which I expect the demand to go up
00:24and therefore be sustainable. The FDI flow inwards in India between April and August 2020
00:32grew by about 13% compared to the non-COVID-19 comparable period.
02:32The overall GDP growth notwithstanding the pandemic should be something which as is being
02:45predicted by the IMF even if it is going to be in the negative or near zero this time
02:53the next year will be very clearly India seeing itself as one of the fastest-growing economies.
03:02flow inwards in India between April and August 2020 grew by about 13% compared to the non-COVID
03:132019 comparable period. Globally, we are one of the lowest in terms of corporate taxation.
03:21For any investment which comes into manufacturing and which commences production by March 31st,
03:292023, they shall be paying only 15% corporate tax.