GDP growth to touch 8% this year

Highlights

Rejecting criticism that the policy paralysis has returned to haunt the NDA in view of critical legislations getting stuck in Parliament, NITI Aayog Vice Chairman Arvind Panagariya says the economic growth this year may touch eight per cent due to implementation of various critical economic reforms.

Beijing : Rejecting criticism that the policy paralysis has returned to haunt the NDA in view of critical legislations getting stuck in Parliament, NITI Aayog Vice Chairman Arvind Panagariya says the economic growth this year may touch eight per cent due to implementation of various critical economic reforms.

He asserts that projects are being cleared and gathering speed and ease of doing business has improved. "In the last quarter meaning January to March, 2016, I expect that we would touch eight per cent mark, hopefully cross it a bit," he told PTI here in an interview. He said the economic growth for the entire year is expected to be at 7.5 per cent to eight per cent.

"We might get full eight per cent because I also expect the first quarter growth rate which has been at seven per cent for 2015-16 will be revised upwards," he said.

Show Full Article
Download The Hans India Android App or iOS App for the Latest update on your phone.
More Stories


Top