New Delhi, December 15, 2014. Shri Arun Jaitley, the Union Finance Minister, is of the view that Indian Economy has the potential to grow at a high rate despite the fact that the world economy is undergoing a critical phase. ‘’The world economy is passing through a critical phase while Indian economy has potential to grow at a higher rate,’’ said the Finance Minister. He made a mention of infrastructure and manufacturing sectors of the economy in this regard as he feels that these two sectors have a lot of potential that still remains unexploited. He was addressing a group of students from Stanford University who had come to meet him today in his office.
Informed the visiting students about welfare measures and other initiatives
Speaking to these students, the Finance Minister told them about many welfare schemes launched by the government of India for the benefit of the people belonging to the weaker sections of the society. He said that these programs that were essential were going on well and achieving their social objectives. He made a special mention of education for all and the food security programs. He also informed the visiting students about other programs and schemes of the government of India that have been initiated to bring back Indian economy on rails.
It is worthwhile to mention here that Indian economy grew at a rate of 5.3% in the quarter ending in September 2014. This is slightly more than the growth registered in the same quarter last year (5.2%).
Also present in the meeting between the Finance Minister and the visiting students were Shri Rajiv Mehrishi, Finance Secretary, and Dr. Arvind Subramanian, Chief Economic Advisor.
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About Sanjay Tandon
Sanjay Tandon is a graduate engineer from IIT Varanasi. He has been writing as a freelancer for many years. He loves to write on various niches. He is passionate about politics and economy and spends his free time watching news channels. He is also an expert on relationships.
