NEW DELHI: The Indian Finance Minister, Jayant Sinha, said that if production increased, economy will be doubled in next 10 years boosting annual growth to 7-8%.
He was speaking at the 15th Sustainable Development Summit in New Delhi. He said that this trajectory of growth will also create huge employment opportunities, along with boosting the economy.
This trajectory of growth will also create huge employment opportunities, along with boosting the economy. There is also a need to control inflation 4-6% over the years, making a case for supply-side revolution to increase its growth potential.
The Minister of State for Finance Jayant Sinha on Wednesday said that 7-8% of annual growth will definitely double the Indian economy in 10 years.
The Minister further stressed upon the need for building productive capacity and the sustainable growth, as a process to witness the rising growth trajectory.
In his earlier statements, the Minister had pitched for the structural reforms as a key to achieve a sustainable growth of 7-8 % and making India a $5 trillion economy in next 12 years.
He had said, “If we take $2 trillion economy and get it on sustainable 7-8% annual growth, we can make the
$ 2 trillion Indian economy become a $ 4-5 trillion economy in the next 10-12 years.”
He had also said that there was a need to control inflation 4-6% over the years, making a case for supply-side revolution to increase its growth potential.
In a statement in January 2015, he had also said that the Government of India is mulling to make Mumbai as the international financial hub.
