(DNA)
Finance Minister Arun Jaitley today said achieving a 10 per cent GDP growth rate is challenging and will depend on how the world is moving. Speaking at the HT Leadership Summit here, he said India has done well by growing at 7-8 per cent during the last three years.
To scale to 10 per cent rate is “very challenging” and it will not depend on domestic factors only but on how the world is moving, he said. Finance Minister said India has standardised itself for a 7-8 per cent growth rate on the back of improving macroeconomic fundamentals.
“India has standardised itself ordinarily for a growth rate between 7 to 8 per cent. If it slows down, it is more towards 7 and if it paces up it is more towards 8 per cent growth. It’s already close to USD 2.5 trillion economy in terms of GDP,” he said while delivering a lecture here.
