Minister of State for finance Jayant Sinha today said that India need a deep structural reforms to achieve a sustainable and non-inflationary growth of 7-8 per cent over longer period of time. Addressing the 5th Delhi Economics Conclave 2014 in New Delhi Mr. Sinha said the government has to ensure 7 to 8 per cent growth which should be non-inflationary. He also said that there need of 5 million jobs in formal sector every year, but growth and job creation will go hand in hand to drive the economic activity in the country. Listing the priorities before the government, he said,there is a need to pursue macroeconomic stability, build world class infrastructure, unlock entrepreneurial energy and put in place social security system. Mr Sinha also said if government manage to strengthen the rupee, the Indian economy may double to 4 trillion dollars in the next 10 years and is likely to cross 5 trillion mark. On the issue of Goods and Services Tax GST the minister said that there has been a broad agreement on most issues related to GST with the states in the recent months and the consultation process is on in this regard.