Can the Indian economy really achieve double digit growth?
Within a span of just seven days, Prime Minister Narendra Modi has twice vouched to take the Indian economy to double-digit growth, and interim finance minister Piyush Goyal has claimed the target can be achieved by the fourth quarter (January-March) of the current fiscal year.?The need of the hour is that we should work towards achieving the target of double-digit growth from 7-8%,? Modi said on Friday, while laying the foundation stone of the Vanijya Bhawan, which will house the commerce department. The world, he said, is watching when India will break into the $5 trillion economy club by doubling its economy. Modi was reiterating what he had said at the governing council meeting of the policy think tank NITI Aayog on 17 June.?We can actually see a double-digit growth by the 4th quarter of this year, it is not impossible, there is a demand uptake in the economy, there is a mood in the nation and an aspirational billion is a fantastic marketplace,? Goyal had said on Tuesday.
Source: Latest News