Finance Minister Arun Jaitley has said that India has tremendous potential even in this era of Global slow down as the nation grows at a commendable 7 percent. Mr. Jaitley while addressing an event titled Transforming India, in Mumbai, with his inputs on 9 Pillars of New Economy, said that the nation's infrastructure program is progressing at a rapid pace. <br/><br/>The Finance Minister had earlier outlined the 9 pillars in this year's budget speech on the basis of which he hopes to enhance India's economic growth. From laying stress on agriculture to tax and financial sector reforms, the nine pillars will focus on rural sector, social sector, education and infrastructrural reforms among others. <br/><br/>The minister noted that various programs of the present government is helping in the transformation of the country.<br/><br/>Mr. Jaitley added that Make in India concept is not only a job provider but also generates revenue for the nation.<br/>Referring to the objective behind most discussed GST, Mr. Jaitley said that there has to be a free flow of taxes and therefore government brought reforms in direct taxes.