NITI Aayog Vice Chairman Rajiv Kumar has called the Indian economy’s downturn as an "unprecedented situation". He said, "From last 70 years (we) have not faced this sort of liquidity situation where the entire financial sector is in churn," news agency ANI reported. He also said the government "must do whatever it can to take away some of the apprehensions of the private sector". The comments from the top economist come at a time the country's economy is facing the worst pace of growth in nearly five years.