India's Growth Much Higher Than Global Growth: Nirmala Sitharaman

Finance Minister Nirmala Sitharaman addressed a press briefing on the state of economy and told reporters that India's economic growth is much higher than global growth. "Global GDP growth is projected at 3.2 per cent and is probably going to be revised downwards," Ms Sitharaman said. Ms Sitharaman announced a slew of steps to spur the economic growth. Meanwhile, in order to spur the slowing economy Ms Sitharaman rolled back higher surcharge imposed on foreign portfolio investors which was announced in the Budget last month.

Here are the highlights of Finance Minister Nirmala Sitharaman's press conference: