Indian economy needs to grow at 7-8% a year: Jayant Sinha

India Infoline News Service | Mumbai | February 04, 2015 15:28 IST

“Seven-eight percent growth will double the size of the economy in the next 10 years, added Sinha.

Minister of State for Finance Jayant Sinha reportedly said that the government wants to put the economy on sustainable non-inflationary growth trajectory of over 7%.

“We need to have seven to eight per cent growth to provide employment to young people that join the workforce every year,” Sinha reportedly said at The Energy and Resources Institute (TERI)-organised 15th Delhi Sustainable Development Summit.

“Seven-eight percent growth will double the size of the economy in the next 10 years, added Sinha.

The government revised the base year for computing national accounts resulting in the upward economic growth rate of 6.9 percent for 2013-14. 
 

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