NEW DELHI: Union Minister Prakash Javadekar on Sunday said the fundamentals of the Indian economy are strong and there is no “panic situation” in the country.
He also said sometimes a slowdown is a cyclical process, and such a patch” will not hurt the country’s progress rate.
Responding to questions on the economy, slowdown and unemployment at a press conference to mark 100 days of the Modi Government, he said “world over, there is a slowdown which also impacts markets here and people’s behaviour changes”.
“Therefore, we should not be worried too much. The Government is responding with whatever actions are immediately necessary. This is a temporary phase and not a direction of a real slowdown,” he said. (AGENCIES)