Reforms needed to raise economic growth: Pranab

Posted By: Staff
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New delhi, Aug 25: Finance Minister Pranab Mukerjee on Tuesday, Aug 25, said that economic reforms are needed to raise Indian economy to a 9 percent growth path.

The economy will grow at around 6 per cent in the current financial year that began in Apr 2009, he told a gathering at an event organised by channel ET Now.

He said, "Mitigating the impact of the deficient monsoon and the rural economy is a high priority."

Speaking on reforms, Mukerjee said, "the government was moving ahead with setting up an autonomous debt management office and all efforts were being made to implement a goods and services tax from next year."

He also said, a new tax reform bill will be presented in Parliament after public debate and the government would soon introduce repos in the corporate debt market.

Mukherjee refused to mention a time frame by when these reforms would be implemented.

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