London: Finance Minister Arun Jaitley said that India is emerging as one of the fastest growing economies, and added that this year the GDP growth rate will be 7.5 percent and next year hopefully it would be higher.
He said that since the new government came to power the economy has regained. He added launching the Union Bank of India (UK), a subsidiary of the Union Bank of India, “During the last few years we had fallen off the radar, our growth had slowed down, our priorities were blurred and the world was accusing us of policy paralysis. Finally people of India decided to bring about a change.”
The minister said “the I (India) was falling off the BRIC. But on Saturday most of others are facing challenge while India is emerging as one of the fastest growth nations – This year we will close at 7.5 percent?GDP growth and next year hopefully higher. He noted that elimination of poverty is a major challenge and government is working hard to tackle this great challenge.
