Have full faith in the economic system under PM Modi: Sudhir Mungantiwar

Maharashtra's Finance Minister Sudhir Mungantiwar has said that he has full faith in the economic system that is in place both at the central level and at the level of state government, and added that overall, the nation is developing under the leadership of Prime Minister Narendra Modi.

Speaking to Head, ETV News, Jagdish Chandra, Mungantiwar said, "I have full faith on the economic system. I have full faith on people working in this sector (economic and finance sector), but, this system should always be strengthened and we are paying full attention to this. The country is continuously developing under the leadership of Prime Minister Modi."

Targetting the opposition Congress party, Mungantiwar said, "The Congress has given us loss in heritage."

He was candid in admitting that as far as the economy of Maharashtra was concerned, there have been a "few highs and lows witnessed in share market and the construction business due to recession. But now the market is rising. Mumbai is lagging behind in revenue."

Commenting on the state debt of Rs. 330, 000, the Maharashtra Finance Minister said he is confident about the economy rebounding and moving northward.

"We have announced concessions on crops, on cancer-related drugs, concessions to sugar cane traders, concessions on items related to children's use. We have raised expenses in a few sectors to bring and ensure uniformity," Mungantiwar said.


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel