• Rajasthan

    Cong 99
    BJP 73
    RLM 3
    OTH 24
  • Madhya Pradesh

    Cong 115
    BJP 108
    BSP 2
    OTH 5
  • Chhattisgarh

    Cong 68
    BJP 15
    JCC 7
    OTH 0
  • Telangana

    TRS-AIMIM 95
    TDP-Cong 21
    BJP 1
    OTH 2
  • Mizoram

    MNF 26
    Cong 5
    BJP 1
    OTH 8

* Total Tally Reflects Leads + Wins

India’s growth likely at 7.8% in 2015-16: Bibek Debroy

By: | Published: April 5, 2016 6:30 PM

India's growth could be around 7.8 per cent in 2015-16, higher than the Finance Ministry's projection of 7.5 per cent, NITI Aayog member Bibek Debroy said here today.

niti aayogIndia’s growth could be around 7.8 per cent in 2015-16, higher than the Finance Ministry’s projection of 7.5 per cent, NITI Aayog member Bibek Debroy said here today. (PTI)

India’s growth could be around 7.8 per cent in 2015-16, higher than the Finance Ministry’s projection of 7.5 per cent, NITI Aayog member Bibek Debroy said here today.

“I think country’s growth will be slightly higher than Finance Ministry’s projection of 7.5 per cent to 7.8 per cent,” he said at an interactive session with the Bharat Chamber of Commerce.

Referring to growth and interest rate, Debroy indicated that sharper rate may help in high growth but globally central banks are very conservative.

RBI cut rate by 25 basis points today.

Speaking about reports on divestment, Debroy said the first report on divestment was expected in April.

He, however, did not elaborate on the proposed reports.

Replying to a question on West Bengal, he said it has advantage for agro-based industry and services.

“Every state has a competitive advantage. It is best (suited) for agro-based products. West Bengal could be a bridge with the North East. Lot of services could happen. If Bengal does not, other states like Bihar will grab the opportunity,” Debroy said.

He further said that template for development is more or less same for all states like law and order, physical infrastructure and better administration.

Debroy said Bengal has not sought any assistance from NITI Aayog for any advisory so far. The national think tank offers guidance and knowledge support to the states.

The states, having sought assistance, included Rajasthan, Meghalaya, Madhya Pradesh and Kerela.

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