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India needs sustained GDP growth of 9-10%, finmin says

[NEW YORK] India's economy needs to reach an annual growth rate of 9 per cent to 10 per cent and then sustain that activity "many, many more years than 10 years" in order to improve infrastructure and bring down rampant poverty, Finance Minister Arun Jaitley said on Monday.

"We need resources and I can't get resources until I grow by 9 to 10 per cent. And therefore I would like to see India grow by that rate for the next 10 years," Mr Jaitley said in response to a question following an impromptu speech at Columbia University's School of International and Public Affairs.

REUTERS