(IE)
Releasing the Three Year Action Agenda (2017-18 to 2019-20) prepared by the Niti Aayog, finance minister Arun Jaitley on Thursday said India is now becoming restless for a higher rate of growth and if the recommendations are implemented then it has the ‘potential to trigger much more economic activity’. “India and Indians are increasingly becoming restless…they expect higher rate of growth, more decisions to be taken and higher economic activity itself to take place,” Jaitley said, adding that even states have the pressure to take decisions which promote growth.
In the economic agenda document, the Niti Aayog said: “Indeed, there are good prospects that we will return to 8 per cent plus growth trajectory in another 2-3 years if not sooner. Therefore, the chances of massive cut in the poverty rate in the upcoming decade are excellent.” Niti Aayog vice chairman Arvind Panagariya said the agenda has been finalised after a series of consultations with various stakeholders. The document has suggested various reforms for doubling farmers’ income, the need for higher capital support for public banks, lowering of stamp duties to boost the real estate sector, among others.
