India's growth rate over 8% next year, promises Jaitley

March 17, 2015 14:38

India's growth next year expected to be over 8 per cent, says Finance Minister Arun Jaitley in the Lok Sabha. The FM also said the country's interest rate has to be modest or the economy would suffer.

The magic figure hasn't been picked out of a hat, but is in fact, what the Economic Survey released just a day ahead of the union budget on February 28, said. The ES said growth would be between 8.1 and 8.5 percent in the 2015/16 financial year, returning to levels last seen in 2010/11.

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