​​​
  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

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Go to Top