Decisive action against terrorism will spur growth: Arun Jaitley

NEW DELHI: Terming terrorism as the biggest threat to economic stability, Finance Ministry today said decisive action against the menace will spur growth.

India carried out 'surgical strikes' on terror launch pads across the Line of Control (LoC) in Jammu and Kashmir last night, inflicting "significant casualties" on terrorists and those who are trying to support them.

"Terrorism (is the) biggest threat to our financial and economic stability and growth. Decisive action against terrorism will spur growth and stability," Economic Affairs Secretary Shaktikanta Das said in a tweet following the strikes.

He also expressed the hope that currency and stock markets will stabilise in the next few days.

The BSE Sensex plummeted 465.28 points to close at 27,827.53, while NSE's Nifty nosedived 153.90 points to 8,591.25.

Earlier during the day, Finance Minister Arun Jaitley termed Indian army's "surgical strikes" on terrorists preparing to infiltrate from Pakistan-occupied Kashmir as pre- emptive action.