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This is an archive article published on January 16, 2023

Recession likely to hit India after June, Centre working towards handling it effectively: Union minister Narayan Rane

Narayan Rane was giving an inaugural speech at the two-day G20 Infrastructure Working Group (IWG) meeting in Pune.

Union Minister Narayan Rane inaugurated G-20 meeting in the city on Monday. (Express Photo by Pavan Khengre)Union Minister Narayan Rane inaugurated G-20 meeting in the city on Monday. (Express Photo by Pavan Khengre)
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Recession likely to hit India after June, Centre working towards handling it effectively: Union minister Narayan Rane
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Union Minister for Micro, Small and Medium Enterprises Narayan Rane Monday said India is likely to be hit with recession after June and the Centre was working towards handling it effectively and minimising its impact on the country,

“There is a global recession and it is in many countries. This is what I have gathered from the discussion in the meetings of the Union government. The recession is expected to hit India after June,” Rane said after giving an inaugural speech at the two-day G20 Infrastructure Working Group (IWG) meeting in Pune.

g20 news, india news, indian express The G20 IWG will provide direction to everyone on how to develop future cities, Narayan Rane said. (Express Photo by Pavan Khengre)

He said the lotus in the G20 India presidency symbol is good and has nothing to do with the BJP. “Even if one relates the lotus symbol of G20 with the BJP, then also, I am okay with it. The BJP’s lotus stands for sustainable development,” Rane said, praising Prime Minister Narendra Modi for the rising stature of India in the world.

The G20 IWG will provide direction to everyone on how to develop future cities, he said. “The use of technology while keeping in mind the impact on the environment for infrastructure development would be discussed in the two-day IWG,” he added.

The guidelines from the G20 IWG meet will be helpful for all developed and developing countries in planning cities of tomorrow, he said.

The growth of India is on the right path and it was 10th in economic status in the world and has improved now and the aim is to be in fifth position by 2030, he added.

Ajay Jadhav is an Assistant Editor at The Indian Express, Pune. With over 22 years of experience in the industry, he is a highly specialized journalist whose work focuses on the intersection of urban infrastructure, governance, and sustainability. Professional Background  Role: As Assistant Editor, he plays a key role in the editorial direction of the Pune bureau, specializing in urban policy and its direct impact on citizens. Education: He holds a Master’s degree in Communication and Journalism from Savitribai Phule Pune University and a PG Diploma in Corporate Social Responsibility (CSR). He also studied at the prestigious Fergusson College. Impactful Reporting: He is credited with research-based articles on conservancy staff (waste workers) that influenced national policy for better working conditions. He is also known for exposing the contrast between high-end infrastructure (like helipads for leaders) and the lack of basic amenities like schools in their home districts. Personal Interests: An avid trekker and sports enthusiast, his personal interest in the outdoors often informs his reporting on environmental protection and sustainable development. Recent Notable Articles (December 2025) His reporting in late 2025 has been dominated by the upcoming January 2026 Civic Polls in Pune and Pimpri-Chinchwad, and the city's infrastructure boom: 1. Political Analysis (Civic Elections 2026) "Not friendly but a bitter fight lies ahead between BJP and NCP for PMC, PCMC" (Dec 22, 2025): A detailed look at the intense rivalry between the Mahayuti partners as they prepare for the January 15 municipal elections. "Pune civic polls: Big blow to NCP, NCP(SP) as leaders switch to BJP" (Dec 20, 2025): Reporting on high-profile poaching and party-hopping ahead of the elections. "Ajit Pawar's NCP continues domination in Pune, wins 10 of 17 local bodies" (Dec 21, 2025): Analyzing the results of the local self-government body elections as a precursor to the main civic polls. 2. Infrastructure & Urban Development "Looking Ahead at 2026: Pune to see inauguration of much-awaited Hinjewadi to Shivajinagar metro route" (Dec 22, 2025): An "outlook" piece on the critical Metro Line 3 project expected to finish by March 2026. "Building Pune: PMC to construct double-decker bridge over Mula-Mutha River" (Dec 18, 2025): Detailing a major project aimed at easing traffic between Hadapsar and Kharadi.  "Condition of highway from Pune to Kolhapur to improve in a year: Gadkari" (Dec 4, 2025): Reporting on the Union Minister’s assurances regarding one of the state's most critical transport corridors. 3. Civic Governance & Environment "Install sensors, LED indicators at construction sites within 15 days: PMC to builders" (Dec 16, 2025): A follow-up to the "Breathless Pune" series, reporting on new mandates for builders to monitor air quality in real-time. "Errors in electoral rolls: PMC corrects data of 92,466 voters" (Dec 16, 2025): Tracking the administrative efforts to clean up the voter lists before the 2026 elections. Signature Style Ajay Jadhav is known for accountability journalism. His work often bridges the gap between high-level policy and the "ground zero" reality of Pune's residents. He is particularly focused on Sustainable Development, ensuring that as Pune grows into a "Bharat Mandapam" style destination (referring to his report on the Lohegaon project), its environmental and social safeguards remain intact. X (Twitter): @ajay_khape ... Read More


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