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India the fastest growing economy during global recession

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Staff 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.
Arun Jaitley
Economy in Asia   RuPay cards and Mudra Scheme are being praised
"The rural conditions should be improved was our main agenda and we have been working on it. During global recession, India is the fastest growing economy. It's still less according to us, we think we can do even better. The Indian economy can grow at the rate of 8-9 percent in the years to come," Jaitley said in discussion here.

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.


 

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