Finance Minister Nirmala Sitharaman is addressing a press conference on the state of the Indian economy amid a slowdown. Job losses have been reported in various sectors following a slowdown. The worst hit is the auto sector, where thousands of job losses have been reported after months of dismal sales. “I want to give you a picture of what is happening globally. Global growth is 3.2 per cent, likely to be revised downwards. Many organizations say the global demand is very weak,” she said in her opening remark.