Finance Minister on Economy www.purnartha.com

Finance Minister Satisfied with Performance

India News

Voicing great satisfaction over performance of the Indian economy in a year of turmoil and volatility globally, Finance Minister Arun Jaitley today dismissed grumblings about the economy not having taken off as cynicism a way of life in India. Looking back at 2015, Jaitley said India has been the bright spot with growth prospects of 7-7.5 per cent despite global slowdown and adversities, and expressed optimism that the growth rate which is quite good would improve further in the months to come. India has responded well to the challenge posed by the slowdown in global economy, he said, but acknowledged that there are areas (in which) we have to respond faster. As the year ends, I look back with a sense of great satisfaction, Jaitley told PTI in an interview, during which he underlined that Indias fiscal fundamentals are extremely sound.
Outlining his priorities for the New Year, thFinance Minister on Economy www.purnartha.come Finance Minister said he would continue with structural reforms and the priorities would include GST, rationalising direct taxes, further easing the system of doing business. After having done that, I would like to concentrate essentially on three things more money for physical infrastructure, more money on social infrastructure and lastly more money on irrigation because that is a neglected sector.
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