GST biggest reform, real GDP growth average 7.5%: FinMin presentation
October 24, 2017 16:49
A presentation by Union Finance Ministry on the state of economy begins at the presser by FM Arun Jaitley. Department of Economic Affairs Secretary Subhash Chandra Garg presents The India Story: Speeding Up For Take Off. Excerpts:
- There has been a consistent low inflation story.
- There is very low level of current account deficit, in safe ranges of less than around 2 per cent.
- We have crossed $400 billion Forex reserves.
- Fiscal consolidation story is credible.
- Real GDP growth average is 7.5 per cent in last three years.
- Transformational reforms have been another part of the India growth story. GST has been the biggest reform, along with others like demonetisation and fight against black money.
- Confident to exceed disinvestment target for this year.
- The government has consistently laid focus on public investment and infrastructure for welfare of common man. -- Press Information Bureau of India
- There has been a consistent low inflation story.
- There is very low level of current account deficit, in safe ranges of less than around 2 per cent.
- We have crossed $400 billion Forex reserves.
- Fiscal consolidation story is credible.
- Real GDP growth average is 7.5 per cent in last three years.
- Transformational reforms have been another part of the India growth story. GST has been the biggest reform, along with others like demonetisation and fight against black money.
- Confident to exceed disinvestment target for this year.
- The government has consistently laid focus on public investment and infrastructure for welfare of common man. -- Press Information Bureau of India
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