India looks at close to double digit growth this year: Sitharaman

TIL Desk/Business/New Delhi/ India is looking at near close to double-digit growth this year and the country will be one of the fastest-growing economies, Finance Minister Nirmala Sitharaman has said. The minister also emphasised that she expects the economic growth next year to be in the range of 7.5-8.5 per cent, which will be sustained for the next decade.

“As regards the growth of India, we are looking at near close to double-digit growth this year and this would be the highest in the world. “And for the next year, on the basis of this year, (the) growth would definitely be somewhere in the range of eight (per cent),” Sitharaman said in Boston on Tuesday during a conversation at Harvard Kennedy School.

She noted that while the Ministry of Finance has not done any assessment as yet about the growth number, but the World Bank, IMF and rating agencies have all come nearer to this kind of growth number for India.