Finance Minister Arun has said Indian economy is poised for strong, sustainable and balanced growth backed by the Government’s strong focus on implementing structural reforms.
Speaking in an Interactive Seminar organised by FICCI on “India Opportunity” in Washington last night, Mr. Jaitley said there is clear evidence now that slowdown effect of demonetisation and GST has more or less played it out.
The Finance Minister said implementation of the GST and its gradual complete transition, follow-up to demonetisation, and enacting other structural reforms by the Government would take the economy towards higher growth trajectory. Mr. Jaitley further said that FDI flows to India have increased in 2016-17 over 2015-16, indicating improved global confidence in the Indian economy.
The Finance Minister, is currently on a one week official tour to Washington D.C. to attend the Annual Meetings of the International Monetary Fund (IMF) and the World Bank and other associated meetings.