China News Agency, Kathmandu, November 12th from New Delhi: Indian Finance Minister Sitharaman said in a press conference held at noon on the 12th that the Indian economy is recovering strongly.

  The local media quoted Sitharaman’s statement that the national market is currently very active: India’s foreign exchange reserves have reached 560 billion U.S. dollars; in October this year, the national goods and services tax collection has reached 1.05 trillion rupees ( (Approximately 100 billion yuan), an increase of 10% year-on-year; energy consumption in October also increased by 12% year-on-year.

"Many indicators show that our economy is recovering," she said.

  Sitalaman also announced a series of economic stimulus plans to help industries, small and medium-sized and micro-enterprises, and middle-income groups hit hard by the new crown pneumonia epidemic.

In addition, the government is launching relevant programs to encourage the creation of new jobs.

According to the plan, those who are unemployed between March 1 and September 30, 2020 will benefit.

  The Hindustan Times reported that earlier in the day, a group of economists at the Reserve Bank of India predicted that the gross domestic product (GDP) for the second quarter of the 2020-2021 fiscal year (April 2020 to March 2021) ) The growth rate is -8.6%.

Coupled with the previous GDP growth rate of -23.9% in the first quarter, India may fall into an unprecedented recession.

"In the first half of this fiscal year, the Indian economy fell into a technological recession, which is the first time in history."

  In order to stimulate economic development, the Indian government approved a production stimulus project with a scale of Rs 2 trillion on November 11 to promote the development of related manufacturing industries.

At the same time, a special fund of 81 billion rupees was launched to encourage private capital to participate in the construction of social infrastructure in the fields of water supply and solid waste treatment.

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