Finance Minister Nirmala Sitharaman on Tuesday said that the lower-than-expected GDP growth of 5.4 per cent in the second quarter was a “temporary blip” and assured that the economy is expected to grow in the upcoming quarters.
In response to a debate during the winter parliamentary session in Lok Sabha on the first batch of Supplementary Demands for Grants, she asserted that India has seen “steady and sustained” growth and its GDP growth rate has averaged 8.3 per cent in the last three years.
The second quarter growth is only a “temporary blip”, and the economy will see healthy growth in the coming quarters, Sitharaman said.
The finance minister further added that India continues to be the fastest-growing major economy in the world.
