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GDP will grow further after 7-7.5% in current fiscal: Arun Jaitley

New Delhi: Union Finance Minister Arun Jaitley said that India's economy grew an estimated 7-7.5 per cent last fiscal year and will keep growing in 2015."The country's potential is not 7 or 8 per cent,"
gdp will grow further after 7 7.5 in current...
India TV Business Desk May 11, 2015 9:09 IST

New Delhi: Union Finance Minister Arun Jaitley said that India's economy grew an estimated 7-7.5 per cent last fiscal year and will keep growing in 2015.

"The country's potential is not 7 or 8 per cent," Jaitley said after inaugurating three social security schemes yesterday.

He also said that India has potential to grow at double digit.

Economists in April pegged India's 2014/15 economic growth at 7.4 per cent and 7.8 per cent for the current year in terms of standard gross domestic product (GDP).

The Finance Minister further said that the NDA government will have to invest more in agriculture to keep up the momentum.

He said the agriculture sector was the biggest challenge for the government and that recent unseasonal rains have created an agrarian crisis.

"Once the resources with government grow, the biggest component of this will be diverted to agriculture and irrigation," Jaitley added.

 

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