The Finance Minister Arun Jaitley on Monday evening said that Prime Minister Narendra Modi took stock of the situation of the shares and currency markets today.
Modi has advised more steps to strengthen the economy, Jaitley said.
Jaitley said that the Prime Minister was for taking steps to convert the worldwide crisis (stock markets) into an opportunity for India.
But for impact on stock and currency markets, all other parameters of India are in sound footing, the Finance Minister said.
Jaitley also said that the Government was closely monitoring the global developments and India’s growth will be maintained.
The Finance Minister also said that he had today discussed the stock and currency market situation with SEBI and RBI.
On Monday evening, Finance Ministry officials led by Chief Economic Advisor Arvind Subramanian made a brief presentation to the Prime Minister Narendra Modi on the situation in China besides other global developments.