Union Finance Minister Arun Jaitley has said that infrastructure investment needs a booster and his next Budget in February will focus on encouraging more public as well as private spending to boost economic growth.<br/><br/>Speaking at private television event, he said India aspires to become a developed economy from a developing economy and a 7 to 7.5 per cent GDP growth does not satisfy its requirements. <br/><br/>He said spending more and now is the focus. He added that infrastructure spending certainly needs a booster. The Finance Minister said, there is a long-term potential of more resources getting into the system and that is going to be the top priority. <br/><br/>Mr Jaitley said, the government is likely to advance the date of Budget presentation for 2017-18 to February 1 next year as against the usual date of February 28.<br/><br/>On the impact of demonetisation on the economy, the Minister admitted that altering this normal is extremely disruptive but in the long run there will have a higher GDP, a higher revenue and probably far cleaner economy and far cleaner public life. He further said it was a courageous decision to withdraw 86 per cent of the paper currency, replace it and then say that replacement will now be substantially and significantly in digital.

Union Finance Minister Arun Jaitley has said that infrastructure investment needs a booster and his next Budget in February will focus on encouraging more public as well as private spending to boost economic growth.<br/><br/>Speaking at private television event, he said India aspires to become a developed economy from a developing economy and a 7 to 7.5 per cent GDP growth does not satisfy its requirements. <br/><br/>He said spending more and now is the focus. He added that infrastructure spending certainly needs a booster. The Finance Minister said, there is a long-term potential of more resources getting into the system and that is going to<br/>be the top priority. Mr Jaitley said, the government is likely to advance the date of Budget presentation for 2017-18 to February 1 next year as against the usual date of February 28.<br/><br/>On the impact of demonetisation on the economy, the Minister admitted that altering this normal is extremely disruptive but in the long run there will have a higher GDP, a higher revenue and probably far cleaner economy and far cleaner public life. He further said it was a courageous decision to withdraw 86 per cent of the paper currency, replace it and then say that replacement will now be substantially and significantly in digital.

Union Finance Minister Arun Jaitley has said that infrastructure investment needs a booster and his next Budget in February will focus on encouraging more public as well as private spending to boost economic growth.<br/><br/>Speaking at private television event, he said India aspires to become a developed economy from a developing economy and a 7 to 7.5 per cent GDP growth does not satisfy its requirements. <br/><br/>He said spending more and now is the focus. He added that infrastructure spending certainly needs a booster. The Finance Minister said, there is a long-term potential of more resources getting into the system and that is going to be the top priority. Mr Jaitley said, the government is likely to advance the date of Budget presentation for 2017-18 to February 1 next year as against the usual date of February 28.<br/><br/>On the impact of demonetisation on the economy, the Minister admitted that altering this normal is extremely disruptive but in the long run there will have a higher GDP, a higher revenue and probably far cleaner economy and far cleaner public life. He further said it was a courageous decision to withdraw 86 per cent of the paper currency, replace it and then say that replacement will now be substantially and significantly in digital.<br/>