January 3, 2015 8:31 AM

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India will match Chinese growth rate once unbanked population comes under structured financial system: FM

Union Finance Minister Arun Jaitley has said that India will match Chinese growth rate once the unbanked population comes under structured financial system. Addressing the 60th anniversary celebrations of ICICI Group in Mumbai, Mr. Jaitley said that the real challenge is to bring a further spurt in investment, concentrate on infrastructure and improve manufacturing in a big way. Promising exciting days ahead, the Finance Minister said that as more and more people start using their RuPay debit cards, a large part of the economic activity, which is out of the banking net, will get reflected in the GDP.

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