Live
- DCA seizes two drugs stocks worth Rs 5.52 lakh for overpricing
- Aiming for 14 LS Seats: Revanth has an ace up his sleeve, assigns special task to Cong MLAs
- Akbar tears Modi’s charge on Muslim family size to shreds
- Hyd echoes with chants of ‘Jai Shri Ram’, ‘Jai Hanuman’
- Summer holidays for schools from today
- DSCI holds meet on advancing cyber security initiatives
- Hyd Metro to extend service hrs for IPL match tomorrow
- TS BIE announces payment due dates for pvt candidates
- Dr Lankapalli Bullayya inks pact with L&T
- North Andhra will be developed on all fronts
Difficult to achieve double digit growth in current scenario
Finance Minister Arun Jaitley on Thursday conceded that double-digit growth in the current global environment would prove difficult for India, but said if pending reforms were addressed, it would have the necessary economic impact.
New Delhi: Finance Minister Arun Jaitley on Thursday conceded that double-digit growth in the current global environment would prove difficult for India, but said if pending reforms were addressed, it would have the necessary economic impact.
"In the current global environment, realistically speaking, it is extremely difficult to achieve double digit growth," Jaitley told the opening session of India Today Conclave here. But he said it was important to aim higher and continue with reforms to get the desired results.
The finance minister said agriculture has the maximum potential to grow in India. He didn't just mean pure farm incomes, but included in it what comes out of the rural economy like milk production.
"Some of the states have seen huge amount of growth in agriculture."
As regards reforms, he specifically listed the proposed pan-India goods and services tax (GST) regime right upfront and said but for one party all the rest were supporting it, alluding to the Congress party.
"Some of the UPA (United Progressive Alliance) partners told me they will support GST," he said, adding: "I would still like the Congress to come on board."
