I have
always said the current rate of 7-7.5 per cent is Jaitley was speaking at a
breakfast session on 'India -- The next growth engine of the world', organised
by industry body CII and consultancy BCG here on the sidelines of the WEF
Annual Meeting. not our real potential and we have potential to add 1-1.5 per
cent. There is still head space that we have and I am sure we would be able to
reach that," he said. Jaitley said
the good news is that all states are on board and all political parties, except
one, are also on board. He added:
"We, of course, have our own challenges. There are 55 per cent people in
agriculture and that sector has not enough for these many people. The sector
itself needs to be strengthened and then we had two bad monsoons In railway
infrastructure, we have allowed private sector participation and the next they
are going to raise funds through bonds etc. Next, we are going to modernise the
train stations and these are the causes that have been welcomed by the
country." Another area was image of
India on tax issues and the things have changed on that front and nobody now
talks about that, he noted.
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