Need complete trust between industry and govt to sustain growth

BusinessNeed complete trust between industry and govt to sustain growth

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Need complete trust between industry and govt to sustain growth

Kolkata: Sitharaman, addressing a seminar organised by the Merchants’ Chamber of Commerce & Industry, said the Centre has taken several steps to ensure that revival of the economy continues despite a raging second wave of the pandemic.

Finance Minister Nirmala Sitharaman on Tuesday said there should be complete trust between the industry and the government to sustain growth amid the COVID-19 situation.

Sitharaman, addressing a seminar organised by the Merchants’ Chamber of Commerce & Industry here, said the Centre has taken several steps to ensure that revival of the economy continues despite a raging second wave of the pandemic.

“There should be complete trust both between the government and the industry and vice versa to sustain growth. There must not be disturbances in the continuity, which leads to mistrust or distrust. The industry should have faith and feel that the government is accessible,” she said.

Citing the “cordial” relations between the Reserve Bank of India and the Centre, Sitharaman said the central bank and the government have always worked together to benefit the economy and the country.

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