India the fastest growing economy during global recessionStaff writer ▼ | May 30, 2016
Finance Minister Arun Jaitley said that India is the fastest growing economy during the global recession, adding that it can grow at the rate of 8-9 percent in the years to come.
Economy in Asia RuPay cards and Mudra Scheme are being praised
Pointing out that schemes like RuPay cards and Mudra Scheme are being praised world over, Jaitley said that the government will have to pump in resources to the rural economy.
"Every six-seven new villages are getting electricity. We are making huge investments in roads. Simplicity, dispute redressal, corporate tax moderation to incentivise investment are hallmarks of our policy.
"Previous government introduced retrospective taxes unpredictably. The people in business want predictability," he added. ■