LIVE: Nirmala Sitharaman says “Zero probability of India slipping into recession” in Lok Sabha

Finance Minister Nirmala Sitharaman, while replying to Lok Sabha members during a debate on price rise, said there is zero probability of India slipping into recession. “Replying to Adhir Ranjan Chowdhury’s query, I would like to say there is no question of India getting into stagflation or, what it is called in USA, technical recession. There is absolutely zero probablity of India slipping into recession,” she said.

As the Lok Sabha took up the discussion on price rise on Monday, a number of opposition leaders like Congress’ Manish Tewari, TMC’s Kakoli Ghosh Dastidar and DMK’s Kanimozhi hit out at the government over fuel and food inflation and GST implementation.

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