The country is able to do much better than 7.5% growth rate, says Union Finance Minister Arun Jaitley
India's economic growth rate which stands at 7.5% in not its best potential growth rate. The country is able to do much better than 7.5% growth rate, Union Finance Minister Arun Jaitley told CNBC news channel.
Jaitley, who is on a 10-day visit to the US, said that he is extremely happy with what the government has achieved in the last one year. However, the minister feels that India has the ability to do much better, the news channel added.
The minister said that there is a lot of restlessness in the government because we feel that the 7.5 per cent growth rate we have achieved is not our best potential growth rate, according to the news channel.
Jaitley predicted a growth rate of 8 per cent this year and said that the government will set higher GDP growth targets in the future.
India's economic growth rate which stands at 7.5% in not its best potential growth rate. The country is able to do much better than 7.5% growth rate, Union Finance Minister Arun Jaitley told CNBC news channel.
Jaitley, who is on a 10-day visit to the US, said that he is extremely happy with what the government has achieved in the last one year. However, the minister feels that India has the ability to do much better, the news channel added.
The minister said that there is a lot of restlessness in the government because we feel that the 7.5 per cent growth rate we have achieved is not our best potential growth rate, according to the news channel.
Jaitley predicted a growth rate of 8 per cent this year and said that the government will set higher GDP growth targets in the future.
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