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3 July 2018
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Union Minister Arun Jaitley (The
Total Investment & Insurance Solutions)
Union Minister Arun Jaitley
today said that India's GDP growth rate in FY19 will be more than the
conventional estimates.
Speaking at SBI conclave, Jaitley said that consumption has gone up because up higher investments in rural areas. He also claimed that the private sector capital expenditure has also gone up. Sales across sectors are also increasing, Jaitley claimed.
Jaitley, who is on medical leave following a kidney transplant, said that the Modi government will try to stick to fiscal targets.
"A good monsoon will have a direct impact on the Indian economy. Our growth this year is probably going to higher than what conventional thinkers believe despite all challenges," he said.
Speaking at SBI conclave, Jaitley said that consumption has gone up because up higher investments in rural areas. He also claimed that the private sector capital expenditure has also gone up. Sales across sectors are also increasing, Jaitley claimed.
Jaitley, who is on medical leave following a kidney transplant, said that the Modi government will try to stick to fiscal targets.
"A good monsoon will have a direct impact on the Indian economy. Our growth this year is probably going to higher than what conventional thinkers believe despite all challenges," he said.
Talking about the ongoing
trade war among nations, Jaitley said: "A trade war is being thrust on
us...We have to concentrate on making our domestic fundamentals
stronger."
He also conceded that the
rising oil prices is a challenge for the economy. The Total Investment & Insurance
Solutions
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