GDP growth of 7-8% reasonable given global conditions: Arun Jaitley

We have restored the credibility of the Indian economy: Arun Jaitley

Finance Minister Arun Jaitley on Thursday played down slow down concerns after India's economic growth fell to 6.1 per cent in the fourth quarter (Q4) of 2016-17 (FY17), primarily because of demonetisation adversely affecting economic activity. 
 

"We have restored the credibility of the Indian economy through decisiveness and tough policies," he said while addressing the press.

The Finance Minister said that in the last three years global trade shrank. He once again raked up the debate of big economies becoming protectionist.

"There were three distinct benefits from demonetisation. Firstly, there is greater movement towards digitisation, tax payers' base has increased