Finance Minister Nirmala Sitharaman on Friday promised more stimulus measures for sectors of the economy in distress as she counted on steps taken till now to boost growth by driving up consumption.

She also said the Centre is aware of the pending GST compensation to states and will honour its commitment.Addressing a press conference on the state of the economy along with senior officials, Sitharaman said the government will continue to take measures as and when required to boost growth.

Asked by when she expects the economy to revive, she said, “I’m not engaging in any prediction based thing. I am looking at the economy, where I need to intervene, I am intervening and I shall continue to address the problem of the industry as and when it rises.” She declined to comment on the narrative of stagflation high inflation coupled with declining growth.

Many economists, including former RBI Governor Raghuram Rajan, have expressed fear of India getting into stagflation mode.Ahead of the crucial meeting of the GST Council, Sitharaman also said the buzz of an increase in GST rates is everywhere other than her office.

She was responding to a question on talk of current Goods and Services Tax rates of 5, 12, 18 and 28 per cent being raised to make up for the fall in revenues that has even hampered giving compensation to states for loss of revenue from implementation of the indirect tax regime.