No need for panic, Jaitley to investors

jaitleyFinance Minister Arun Jaitley today said investors need not be panic on the recent crash witnessed in the markets saying the fall is largely due to global factors. Investors should keep the economy’s inherent strength in mind while investing, he added. He made it clear that the government will continue to pursue policies to support growth amid global slowdown.

“There could be several reasons, which are predominantly outside the country, the uncertainty in the Fed rate or what’s happening in Europe or the slowdown anticipated in China. Now, these global factors will remain and will have to be tackled globally by those economies.

“There need not be any exaggerated panic in India for the reason that India as an economy even in the midst of global slowdown has clearly stood out to maintain a 7.5% plus growth rate,” Jaitley said in a statement.

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