Economy has entered into consolidation phase: Jaitley

Source: The Hitavada      Date: 04 Feb 2018 10:15:31


NEW DELHI,

Feb 3,

(IANS),

FINANCE Minister Arun Jaitley said on Saturday that the economy has entered into a phase of consolidation after a series of “structural reforms” which were initiated in the past two years.“... Having gone through a series of very major structural reforms in the past two years, this now also is a phase for consolidation as far as the economy is concerned,” Jaitley said at an event here.

According to Jaitley, this phase of “consolidation” will be led by the Micro, Small & Medium Enterprises (MSME) sector.
Speaking on the launch of “CriSidEx” which is India’s first sentiment index for the MSEs developed jointly by Crisil and Sidbi, Jaitley said: “The health of this sector (MSME) is extremely vital to the economy and we are increasingly seeing that with a number of steps taken an increased integration of the sector into the formal economy itself...,” he said.