You are here

India needs to grow at 7-8% a year: junior finance minister

Tuesday, November 25, 2014 - 19:42

ALindia2511.jpg
India has no choice but to grow at a higher rate of 7-8 per cent a year, the country's junior Finance Minister Jayant Sinha told reporters on Tuesday.

[NEW DELHI] India has no choice but to grow at a higher rate of 7-8 per cent a year, the country's junior Finance Minister Jayant Sinha told reporters on Tuesday.

Mr Sinha said faster growth is required to create more jobs that the country needs, and to strengthen the rupee currency.

India's economic growth probably slowed to around 5 per cent in the three months to September, slipping from 5.7 per cent in the previous quarter, two senior finance ministry sources said earlier, putting pressure on the central bank to cut interest rates.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom