The minister, however, did not elaborate on the two steps to be taken by the government.
"Globally if we compare economy and growth, we still are the fastest growing economy ... We recognise that consumption has to be given a push," she said.
The government has decided to increase public spending with "considerable spending in infrastructure" to boost the economy, Sitharaman said.
Asked about the government's plans to utilise the Rs 1.76 lakh crore received from the RBI, she said nothing has been decided yet.
Sitharaman hit out at the Congress for indulging in "huge corruption and scandals" to run the economy and said its tenure saw inflation touching double digits with skyrocketing prices.
Responding to a query on Congress' reported comment on running an "unfit economy", she said the opposition party should not comment on the economy being "fit or unfit".
"They (Congress) led the country with corruption and exploited the public asset," she said.
Earlier in the day, Sitharaman and her junior minister Anurag Thakur held discussions with tax authorities and industry representatives.
"We have the message of the prime minister that tax authorities should be facilitator than enforcer. Industry should be facilitated. Entrepreneurs should be respected," she said.
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