7 years ago
New Delhi:
Finance Minister Nirmala Sitharaman on Friday addressed a press conference, announcing measures to revive the economy amid a slowdown. Job losses have been reported in various sectors following a slowdown. The worst hit is the auto sector, where thousands of job losses have been reported after months of dismal sales. "I want to give you a picture of what is happening globally. Global growth is 3.2 per cent, likely to be revised downwards. Many organizations say the global demand is very weak," she said in her opening remark. She later announced a host of measures to boost sales in the auto sector, including lifting the ban on its departments from replacing the old vehicles.
