Finance Minister Arun Jaitley, who is on a private two-day visit to New York, has said that the Indian economy needs to reach an annual growth rate of nine to ten percent, and then sustain that activity "many, many more years than 10 years".
He said this would be the only way to improve infrastructure and bring down rampant poverty.
"We need resources and I can't get resources until I grow by nine to ten percent. And therefore, I would like to see India grow by that rate for the next 10 years," Jaitley said in response to a question following an impromptu speech at Columbia University's School of International and Public Affairs.
Jaitley said he realises that in order to achieve this goal, the two trillion dollar South Asian economy needs to find investment from outside.
