Jaitley: India needs balance, not panic, to spur economy

Mumbai

FINANCE Minister Arun Jaitley said India needs to find a balance between fiscal prudence and spending - and there's no need to panic - as he tries to dig the economy out of its deepest slump in three years.

Speaking at the Bloomberg Economic Forum in Mumbai last week, Mr Jaitley called for more private investment from local companies and said the banking system must get healthier to support that investment.