- News>
- Economy
Golden age of growth has dawned on India: FM
New Delhi, Nov 17: Strongly refuting that the government was overstating India`s economic potential, Finance Minister Jaswant Singh today asserted that `golden age` of growth has dawned on India.
New Delhi, Nov 17: Strongly refuting that the
government was overstating India's economic potential, Finance
Minister Jaswant Singh today asserted that "golden age" of
growth has dawned on India.
"I do believe that the golden age of growth had dawned
for India and that is why India is shining," Singh said
assuring the common man that prices will remain stable with
inflation at a "very benign" level of much less than five per
cent.
A variety of combination of circumstances have now come together which "persuades me to say that the macro-economic conditions of the Indian economy has never been better, never and therefore I do share with you my optimism that we are on the edge of reaching that point of criticality," he said in an interview.
Singh was however non committal about growth figures when asked if he was confident of achieving 8 per cent annual growth target set in the tenth five year plan.
The decade of nineties has moved on to an average growth of six per cent which was significantly largest in the world, he said adding "go with what economists are saying regarding growth figures because I say any figure, my head is on the chopper."
Bureau Report
A variety of combination of circumstances have now come together which "persuades me to say that the macro-economic conditions of the Indian economy has never been better, never and therefore I do share with you my optimism that we are on the edge of reaching that point of criticality," he said in an interview.
Singh was however non committal about growth figures when asked if he was confident of achieving 8 per cent annual growth target set in the tenth five year plan.
The decade of nineties has moved on to an average growth of six per cent which was significantly largest in the world, he said adding "go with what economists are saying regarding growth figures because I say any figure, my head is on the chopper."
Bureau Report