• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

India aspires to grow much faster: Arun Jaitley

By PTI
|

New Delhi, Oct 27: Aspirational India is not satisfied with the current growth rate which is way below the country's potential, Finance Minister Arun Jaitley said today.

"India today aspires to grow much faster. When I say we aspire to grow much faster, we are still not satisfied with present growth rate we have achieved...but our potential in more friendlier environment both within and outside is much higher," he said at an event here.

India aspires to grow much faster: Arun Jaitley.
GDP growth slowed to 7 per cent in the April-June quarter, from 7.5 per cent in the previous quarter, amid deceleration in farm, services and manufacturing sectors.

Government expects a growth rate of 8-8.5 per cent in the current fiscal, 2015-16. Jaitley, who was speaking at the India Africa Forum Summit, said expanding relations between the two will be a win-win situation for everyone.

Also read: Sedition case against Finance Minister Arun Jaitley

The Summit aims to carry forward the relationship between India and Africa to new heights in Trade, Human Resource Development, IT and so on, he said, adding that renewable energy, agriculture & food processing are other areas of cooperation between the two.

India has decided to set up Project Development Company in Africa to promote and develop infrastructure projects.

"Exim Bank, IL&FS, State Bank of India have joined hands with African Development Bank to float a Project Development Company for Africa. The company will help identify, develop infrastructure projects," he said.

PTI

For Daily Alerts
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more