Union Minister Nitin Gadkari has raised alarm over country’s economic slowdown. His comments in the wake of criticism faced by the Centre as Gross Domestic Product had contracted to 4.5% in the July-September quarter – the slowest growth rate in more than six years, and the sixth straight quarter of slowdown.
Gadkari said, “in his ministry, there are around cases of Rs 89,000” and he has given strict orders to all the concerned officers regarding the economic situation in the country. He added, “I called senior officials at my home and told them there are cases of around Rs 89,000 crore. I will not tell you what to do. I will only tell you the economy of the country is going through a challenging situation. There is a shortage of liquidity and you have to take decisions quickly,”
