Riding on the back of a pick-up in investment and improved investor confidence, the Finance Ministry on Friday exuded confidence that the economic growth will be 6 per cent and above in the current fiscal.
“let me assure you the growth rate will not be below 6 per cent. Investments are picking up, there are greenshoots. The sentiment is improving, FDI is increasing. I have absolutely no doubt that you would certainly see positive movement in this,” Economic Affairs Secretary Arvind Mayaram told reporters on the sidelines of ADB annual meet here.
The Reserve Bank has projected the Indian economy to grow at 5.7 per cent in the current fiscal, which is much lower than the Government estimation of 6.1-6.7 per cent.PNS n Greater Noida
Riding on the back of a pick-up in investment and improved investor confidence, the Finance Ministry on Friday exuded confidence that the economic growth will be 6 per cent and above in the current fiscal.
“let me assure you the growth rate will not be below 6 per cent. Investments are picking up, there are greenshoots. The sentiment is improving, FDI is increasing. I have absolutely no doubt that you would certainly see positive movement in this,” Economic Affairs Secretary Arvind Mayaram told reporters on the sidelines of ADB annual meet here.
The Reserve Bank has projected the Indian economy to grow at 5.7 per cent in the current fiscal, which is much lower than the Government estimation of 6.1-6.7 per cent.