January 30, 2016 5:41 PM

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FM says, Indian economy has to be put on a sounder platform as country has the potential to grow

Finance Minister Arun Jaitley today said Indian economy has to be put on a sounder platform as country has the potential to grow. Speaking at the ET Global Business Summit in New Delhi, Mr Jaitley said India should aspire for achieving economic growth rates of 8 to 9 percent to lift its people out of poverty. <br/><br/>He said 7 per cent GDP is not the optimum growth rate, as there is a lot going on for India at the moment. He said 7.5 percent indicative growth rate amidst global slowdown is a matter of satisfaction. <br/><br/>He said Rupee has weakened the least among global currencies. He added that structural reforms must be put in place and there is a need for a sound policy that helps both corporate and agriculture sector.

January 30, 2016 12:19 PM

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FM says, Indian economy has to be put on a sounder platform as country has the potential to grow

Finance Minister Arun Jaitley today said Indian economy has to be put on a sounder platform as country has the potential to grow. Speaking at the ET Global Business Summit in New Delhi, Mr Jaitley said 7 per cent is not the optimum growth rate, as there is a lot going on for India at the moment. He said it is a matter to be happy when a country indicates over 7.5 percent growth amidst global slowdown. He said Rupee has weakened the least among global currencies. He added that structural reforms must be put in place. Mr Jaitley said there is a need for a sound policy that helps both corporate and agriculture sector.

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