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India aspires to grow faster eyes Africa Jaitley


10/27/2015 11:51:30 PM

(MENAFN- The Peninsula)

New Delhi: India wants its economy to grow much faster Finance Minister Arun Jaitley said on Tuesday as Asia's third-largest economy eyes new opportunities for trade and economic cooperation with Africa.

"India today aspires to grow much faster. We are not satisfied with present growth rates" Jaitley told a seminar held before a major India-Africa summit to which all of the continent's 54 countries have been invited.

India has decided to set up a project development company in Africa Jaitley said in a speech to the event organised by Exim Bank. India's annual trade with Africa has grown to $72 billion but lags China's $200 billion.

Reuters


The Peninsula

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