<h1>Union Finance Minister Confident in Economic Recovery Despite 6.9% GDP Slowdown; New Manufacturing Policy Introduced to Boost Growth.</h1> The Union Finance Minister addressed the second quarter GDP growth of 6.9% for 2011-12, acknowledging a slowdown due to reduced industrial and investment growth, as well as negative growth in the mining sector. Despite these challenges, the Minister expressed confidence in recovering lost growth momentum, citing a 52% increase in exports and stronger growth in power and steel sectors. The government has introduced a New Manufacturing Policy to boost manufacturing, while agriculture and services sectors show promising growth. The government remains committed to fiscal balance and is prepared to adjust policies to maintain economic stability.