About US | Contact Us
Odisha Samaj United Arab Emirates organised Utkal Divas Celebrations..
Electric fence to keep India-Pak border in check..
Unnao rape: CBI registers 3 cases against BJP MLA Kuldeep Singh Sengar..
Trump extends wishes on Sinhala, Tamil New Year..
High heels linked to uterine issues in young girls..
Harbhajan Singh `heartbroken` over shifting of IPL matches from Chennai..
Priyanka Chopra meets PM in Delhi, invites him for Partners' Forum..
Ola continues its Australian expansion..
Slovenians find nothing funny with Kimmel's take on Melania..
'Lord of the Rings' poised to be most expensive TV series ever..
1300 Bachat Gat Women at the Heart of India's fastest growing spiritual App, My OmNamo..
TDP MPs to meet President if Parliament adjourns sine die: Naidu..
KP Sharma Oli arrives in India on 3-day State visit..
Trump explores additional $100 bn in Chinese imports..
 
Opinion Poll

Loading...

 
India has standardised itself for 7-8 pc growth, says Arun Jaitley

Finance Minister Arun Jaitley said improved macroeconomic fundamentals have placed India on 7-8 per cent growth trajectory and the country needs big infrastructure investments over next two decades to evolve into a middle income economy and then into a developed one.

The funding requirement for infrastructure in the country is huge and there is a requirement of a whopping Rs 50 lakh crore investment in the sector over next five years, he said.

India has spent Rs 60 lakh crore in infrastructure during 2007-17.

Stating that India has been the fastest growing major economy in the last three years, Jaitley said, \"We do hope that in the first instance we evolve into a middle income economy and subsequently we graduate into a developed economy.

\"That\'s the economic roadmap that we have for us. If we have to aspire to reach this, India will need to upgrade infrastructure over the next two decades. We need a lot of investment and we will need a lot of spending,\" he said while delivering 5th Annual Defence Estates Day lecture here.

Source- PTI

 
 
           
 
Copyright © 2016. nwztoday, Bhubaneswar, Odisha. All rights reserved.   Powered by: nwztoday