India’s Economy On Much Higher, Stabler Footing: Arun Jaitley
Amid global uncertainty, Finance Minister Arun Jaitley said it is important for India to emerge out of the crisis stronger as it is on a much higher and stabler footing than other nations. Unpredictability and volatility have become the new global norm. In these circumstances, it is extremely important for India to emerge and emerge out of the crisis even stronger,” he said while addressing the Invest Karnataka 2016 summit here. Jaitley said that India is “relatively unimpacted” by some of the factors that have caused the global crisis. The Indian economy is expected to grow between 7-7.5 per cent in the current fiscal. Last fiscal, it grew 7.2 per cent. Stating that nobody could have expected China to grow indefinitely at a double digit growth rate, Jaitley said China’s “slowdown itself doesn’t directly impact us, except for some indirect consequences.