The markets and industries are keenly watching Nirmala Sitharaman as she is addressing a press conference in midst of an economic slowdown. The finance minister’s presser comes at a time when India’s auto, textile and real estate sectors are suffering major job cuts.
The industry is hopeful that Nirmala Sitharaman will throw a lifesaving boat to the sinking sectors.
To boost the auto sector, the government lifts the ban on government bodies from replacing the old vehicles. “Go and replace all your old vehicles,” the finance minister tells government bodies.