Economic Affairs Secretary Shaktikant Das has hailed the GDP growth of 7.4 percent in the second quarter and said, it is a positive sign for the future growth in the country. In an interview to a private news channel, Mr Das said, 9 percent growth in manufacturing was the key driver for this GDP growth. He also said, it has proved that the Make in India policy is working in the country. Speaking on the inflation, Mr Das said government is keeping a close eye on the overall inflation situation and committed to contain it. On the RBI policy rates, Mr Das said the centre bank's decision has been on expected lines and it has taken a balanced approach in the policy. He said, RBI has engaged constructively with banks on rate transmission which is now taking place and is expected to improve in coming weeks.
News On AIR | December 1, 2015 1:52 PM
Economic Affairs Secy hails 7.4% GDP growth in Q2, calls it positive sign for future