Despite global challenges, the finance minister says, Indian economy is well prepared
GN Bureau | April 7, 2016
Showing confidence in the Indian economy, finance minister Arun Jaitley said that India will be able to maintain the growth level of 7-7.5 percent despite challenges in the global economy. Speaking at the Growth Net Summit, a global economic conclave, Jaitley said that India is a high growth market and that the government is conscious of the restrictions of global environment in which it is functioning. The conclave was organised by the Ananta Centre, Smadja & Smadja Strategic Advisory and Confederation of Indian Industry.
At the outset, for those who are not familiar with the nomenclature ‘Hindu Rate of Growth’, it refers to the low economic growth in post-independent India till the 1990s, when several economic liberalisation measures were undertaken. Till the 1990s, the growth rate was around 4%, which accelera
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