Centre confident of 7.5% growth by March 2018: Panagariya

TIL Desk/Business/New Delhi/ Economic Adviser Arvind Panagariya on Friday said that India’s economic growth is expected to pick up to 7.5 per cent by March 2018, as the government has sustained eight per cent growth rate over the next two years.

“Lot of good things have happened in the presence of the current Government. Inflation has come down nearly three percent, Current Account Deficit (CAD) lowered around one percent and the growth has restored,” Arvind Panagariya said, while sharing the future projections for the Indian economy.

“In terms of reforms, the GST has been the biggest tax reform after the Insolvency and Bankruptcy Act, which is very important for the growth of the country,” added Panagariya. Adding to this he said the address of the Non-performing assets by the govt. will see substantial growth in the next few months.