Apologise to nation for lockdown, but this is only way to fight COVID-19: PM Modi on Mann Ki Baat | COVID-19 lockdown: Delivery agent dies while walking home from Delhi | Amid COVID-19 lockdown, thousands of migrant workers gather at Delhi bus station to return home | Total COVID-19 cases in India jump to 959 on fourth day of nationwide lockdown | We all are one in this battle against COVID-19: PM Modi |
Economy on recovery path: Jaitley

Economy on recovery path: Jaitley

India Blooms News Service | 30 Aug 2014, 09:53 pm
New Delhi, Aug 30 (IBNS) A day after it was revealed that the Indian economy registered its highest growth in nine quarters in the current financial year under PM Narendra Modi, Union Finance Minister Arun Jaitley Saturday said since after almost 30 years a single party is ruling in New Delhi, the decision-making has been easier and the economy is on recovery path .

Signalling a revival in the economy, the government released a data on Friday which showed the country's  gross domestic product (GDP) grew by 5.7 percent in the April-June quarter of 2014-15.

Jaitley told a press conference along with Commerce Minister Nirmala Sitharaman that his government has allayed investors' fear on retrospective tax, created a special mechanism for tax dispute resolution and took some firm decisions on insurance sector.

"The raising of FDI in defence has been accompanied, by a series of other steps," he said that a sea change in terms of investment has been effected.

"Long-term impact of decisions taken in 100 days will be gradually felt," he said.

Economy on recovery path: Jaitley

India Blooms News Service
Comments ()

Post your comment:

Web Analytics