High interest rate can lead to sluggish economy: FM Jaitley

Finance Minister Arun Jaitley on Monday said he hopes that economy in 2016-17 will be led by Industry rather than by government with more investment from private sector.

Updated: Apr 04, 2016, 10:55 AM IST
High interest rate can lead to sluggish economy: FM Jaitley

Zee Media Bureau

New Delhi: Finance Minister Arun Jaitley on Monday said he hopes that economy in 2016-17 will be led by Industry rather than by government with more investment from private sector.

Inaugurating the CII Annual Session, FM said that in spite of the global adversity, India is standing out and growing.

India Inc fighting major battle of credibility and its approach should be ethical with regards to NPAs, Jaitley said.

Ahead of monetary policy review, Finance Minister said that high interest rate can lead to sluggish economy.