New Delhi: Former President Pranab Mukherjee on Wednesday said that he is not worried over the economic slowdown as “certain things” that are happening would have its impact.
While addressing an event at the Indian Statistical Institute (ISI) said , “I am not worried over the slow rate of GDP growth in the country. Certain things happening will have its impact.”
He said Indian banks showed resilience during the financial crisis in 2008. “I was the Finance Minister then. Not a single public sector bank had approached me for money,” he said.
Now, the public sector banks need massive infusion of capital and there is nothing wrong in it, Mukherjee added.
Mukherjee who was also the former finance minister in the UPA government said, “the sanctity of data has to be kept intact, it cannot be manipulated or designed in any particular way. That will be disastrous.”
Mukherjee said, “I am happy that some functions are still being carried on by the Niti Aayog.”