India's budget targets a high growth rate


(MENAFN) A top Indian government official said that reviving the economy to a high growth rate is the "single theme" driving the budget preparations, Gulf Daily News reporte



"The basic theme is to have a high growth rate. All the departments and all ministries are working on one single theme, which is to bring high growth rate in the economy," Financial services secretary sai



It is noted that after posting more than 9 percent growth rate for three consecutive years, India's economy halved in the past two years



While the final GDP stood at 4.7 percent in the first half of this year, it was lower by 4.5 percent from the previous fiscal year


MENAFN

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