Bengaluru, Feb 3, 2016, PTI:
Amid global uncertainty, Finance Minister Arun Jaitley today said it is important for India to emerge out of the crisis stronger as it is on a much higher and stabler footing than other nations.
"Unpredictability and volatility have become the new global norm. In these circumstances, it is extremely important for India to emerge and emerge out of the crisis even stronger," he said while addressing the Invest Karnataka 2016 summit here.
Jaitley said that India is "relatively unimpacted" by some of the factors that have caused the global crisis. "Lower prices of oil and metal commodities substantially suit us. It indirectly impacts us because it shrinks our exports; it makes our markets more volatile, currency more volatile. But compared to the rest of the world, we are still on a much higher and stabler footing," he said
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Ministry of Finance Department of Economic Affairs Economic Division 4(3)/Ec. Dn. /2012 .
You can find the the government finances is in good shape