Country's Fundamentals Strong Due To Government Measures: Finance Minister

Finance Minister Nirmala Sitharaman on Wednesday said that country's fundamentals are sound again due to various measures taken by the Centre since 2014.

Participating in an event, Ms Sitharaman said that Government's targetted approach during the Coronavirus pandemic, helped in delivering assistance to citizens.

She counted measures like reduction in corporate tax and introduction of Goods and Services Tax (GST) which helped the Government in dealing with the pandemic.

"Even after pulling the economy out, removing all the under-growth (post-2014), you still had challenges and in a way the three major steps which were taken - reducing the corporate tax, formalisation and digitisation of the economy, insolvency and bankruptcy code, GST - the heavy-lifting that happened prepared us for a situation which nobody could imagine," Ms Sitharaman said.

She further said that over the last two years, despite the pandemic, Indian retail investors have found online means to access the stock market and Securities and Exchange Board of India (SEBI) has a role to play in investor education.