World Economy

India Needs 9-10% Growth

India Needs 9-10% GrowthIndia Needs 9-10% Growth

Finance Minister Arun Jaitley, who is on a private two-day visit to New York, has said that the Indian economy needs to reach an annual growth rate of nine to ten percent, and then sustain that activity “many, many more years than 10 years,” ANI reported. He said this would be the only way to improve infrastructure and bring down rampant poverty. “We need resources and I can’t get resources until I grow by nine to ten percent. And therefore, I would like to see India grow by that rate for the next 10 years,” Jaitley said. He said he realizes that in order to achieve this goal, the $2t South Asian economy needs to find investment from outside.