1. India GDP growth expected to be ‘much better’ in 2015-16: FM Arun Jaitley

India GDP growth expected to be ‘much better’ in 2015-16: FM Arun Jaitley

Indian economy grew by 5.3 per cent in September quarter from a year earlier, and is expected to grow 5.5 per cent in the current fiscal.

By: | New Delhi | Published: December 29, 2014 10:16 AM
GDP growth, India economic growth, India manufacturing growth, Arun Jaitley

We have to put house in order to accelerate growth in manufacturing, says Finance Minister Arun Jaitley. (PTI)

The Indian economy is expected to grow “much better” in 2015-16 as compared with the current financial year, Finance Minister Arun Jaitley said on Monday.

The Indian economy grew by 5.3 per cent in the September quarter from a year earlier, and is expected to grow 5.5 per cent in the current financial year that ends on March 31.

India has had two successive years of below 5 percent economic growth and is still recovering from its worst slowdown since the 1980s.

Highlights:

* Manufacturing remains a challenge; last 2 years saw economic slowdown, this year may be slightly better: Finance Minister Arun Jaitley

* Next year’s growth will be even more better; we have to put house in order to accelerate growth in manufacturing: FM

* Entry point into manufacturing sector should be eased; entry barriers have to be lowered: FM

* Our taxation regime has to be internationally competitive: FM

  1. S
    sikular rober
    Dec 29, 2014 at 7:17 pm
    all these terror gang in our banana republic are flourishing due to mive affection and loves from their encouragers like osamaji lover dogvijay sink,azam khaans etc...these scamgresis are no less than economic and vote bank terroritss which is provenn when their guy goggoi encourages his boddo frends to strenghten his mulla bangla vote bank and triggerr riotts and take no action against them...this italian mafia maino,amul bebe have just been enjoying this conspiracy of goggoi since they know that,, more the bangla mullas be insecuree more their vote bank gets stronger...
    Reply
    1. T
      t p
      Dec 29, 2014 at 4:29 pm
      Taxation , direct as well indirect should be reationalised & applicable to all citizens/enterprises at moderate rates ranging from 5% to maxi 15 % . No cess or surcharge should be there. tax return Forms should be simple enough . citizens are sincere , tax deptt staff also should be sincere. All subsidies ne minimized . no looting of the peters to pay the pals . *** Jai Hind ***
      Reply

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