Union Finance Minister Arun Jaitley today said that the world economy is passing through critical phase while the Indian economy has potential to grow at a higher rate.
Jaitley, who was speaking to the students of Stanford University, USA, when they called on him in his office here, specifically mentioned about unexploited potential of the manufacturing and infrastructure sectors in particular.
Jaitley further said that various welfare programmes of the government for vulnerable sections of the society are essential and working well.
In this regard, he mentioned about food security and education for all programmes among others.
The Finance Minister shared with the students the various initiatives taken by the government to bring the economy back on the track.
Finance Secretary Rajiv Mehrishi and Chief Economic Adviser Dr. Arvind Subramanian were also present on this occasion among others.