Economy

Sitharaman expects up to 7.8% growth this fiscal

Surabhi Jaipur | Updated on January 22, 2018

‘Govt committed to hike public spending on infrastructure’



Terming India as the “only shining star globally”, Minister of State (Independent Charge) for Commerce and Industry Nirmala Sitharaman on Friday expressed hope that the country would clock a growth rate of 7.5 per cent to 7.8 per cent this fiscal.

“The government has been committing itself to increased public spending in infrastructure, which is the main route through which core industries like cement will get a boost, which in turn will lead to job creation and boost the economy,” she said at the valedictory session of the Resurgent Rajasthan Partnership Summit here.

Sitharaman’s comments come just days ahead of the release of data on gross domestic product for the second quarter of the fiscal. The economy had grown at 7 per cent in the April-June quarter of 2015-16.

Commenting on the ‘Ease of Doing Business’ rankings of States, the Minister expressed hope that Rajasthan would go ahead with more reforms and come third on the list in the next report.

“In the last one-and-a-half years when the ranking was done, Rajasthan was ranked at the sixth place,” she noted.

The Minister also announced that the government would set up a branch of the National Institute of Design in Rajasthan.

Published on November 20, 2015

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