March 17, 2016 12:56 PM

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Double-digit growth in current global scenario difficult to achieve: Jaitley

Finance minister Arun Jaitley today said 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.<br/><br/>Speaking at a media conclave in New Delhi, Mr. Jaitley said it was important to aim higher and continue with reforms to get the desired results. <br/><br/>The Finance Minister said among sectors, agriculture has the maximum growth potential while geographically east of the country has the highest potential. Mr Jaitley said manufacturing sector growth can be stepped up now that wages are rising in China, the global industrial powerhouse. But for that domestic reforms are needed, he added. <br/><br/>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.<br/><br/>Mr. Jaitley also said that Vijay Mallya case is pending in court and every government agency is going to take strong action wherever he has violated the law. He said, Banks are going all out to recover every penny that they<br/>have given to Mallya.

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