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‘I’ve Been Working’ on the Economy, India Minister Tweets After Criticism

Sitharaman is under pressure to bolster growth that’s hit a six-year low and check unemployment that’s risen to a 45-year high.

‘I’ve Been Working’ on the Economy, India Minister Tweets After Criticism
Union Finance Minister Nirmala Sitharaman during a press conference in New Delhi, India. (Source: PTI)

(Bloomberg) -- India’s Finance Minister Nirmala Sitharaman defended her handling of the economy, following criticism on Twitter by a corporate leader on the lack of fiscal measures to support growth.

“As Finance Minister — you might’ve observed — I’ve been working on and regularly speaking about measures we’ve been taking on matters of the economy,” Sitharaman said via Twitter, responding to Kiran Mazumdar-Shaw, head of Indian drug-maker Biocon Ltd. Shaw had wondered why the finance minister, and not the health minister, was addressing a press conference on ban of e-cigarettes in India.

‘I’ve Been Working’ on the Economy, India Minister Tweets After Criticism

In the first of a series of tweets, Sitharaman justified her presence at the event that had given rise to speculation about more steps to support growth.

While Sitharaman tweets regularly about her ministry’s achievements and her personal life, including her love for making pickles, she’s rarely responded to social media criticism on her work as Finance Minister.

Sitharaman, who took over as Finance Minister in May, is under pressure to bolster growth that’s slowed to a six-year low and check unemployment that’s risen to a 45-year high. The government’s measures to reverse the slowdown have so far come in “tranches” and are seen as inadequate.

Shaw responded to the Finance Minister’s tweets, saying Sitharaman displayed maturity and grace in her comments including “her assurance on the economy.”

To contact the reporter on this story: Vrishti Beniwal in New Delhi at vbeniwal1@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net, Karthikeyan Sundaram, Anirban Nag

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