इंडियन आवाज़     26 Feb 2024 04:04:31      انڈین آواز
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India has potential to become economic power despite world slow down: Jaitley

jaitelyUnion Finance Minister Arun Jaitley has said that India has the potential to become an economic power despite the world financial slow down, India is largely unaffected by it.

He also said education and economy are interlinked in a way that job opportunities and entrepreneurship can be promoted for the growth of economy in the long run. Mr. Jaitley was speaking at a conference ‘Taleem O Tarbiyat- a conference on how education helps empower and energise communities’, held at Bombay Stock Exchange.

Comparing America’s economy with that of India, Mr. Jaitley said the economic growth in America is patchy, China has seen a downfall in economic growth compared to the recent past, while Japan has started negative interest rate i.e the customer will be charged if the funds are kept in the bank account. He added that many other countries are still experimenting with their policies to cope with the global economic slow down, in fact most countries are focusing on currency devaluation so that trade excels.

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Mr Jaitley assured that in a bigger picture, India is still safe from all of this. Later, a Memorandum of Understanding (MoU) was signed between Maulana Azad University and The Valuable group in the presence of the minister to provide a digital platform for the students of Madarsas who would be linked with other groups in the country for live lectures via video conferencing.

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