‘More action on reforms, policy front in coming months’
"Government committed to continue reform measures and policy initiatives. More action in coming months," Economic Affairs Secretary Shaktikanta Das said in a series of tweets.
Economy grew by 7.9 per cent in March quarter to consolidate India's position as the fastest growing major economy with a five-year high growth rate of 7.6 per cent for the full fiscal on robust manufacturing growth. Enthused by the impressive numbers for 2015-16, as against 7.2 per cent in previous fiscal, Das said the growth rate can go up to 8 per cent in the current fiscal on the back of good monsoon. "Going forward, the outlook is very positive.
A good monsoon and passage of GST constitutional amendment will take us to 8 per cent growth in 16-17," Das said. Meanwhile, Finance Secretary Ashok Lavasa in a tweet said: "GDP nos.,sign of times, CGA figures, statement of good financial Mgmt. A good monsoon should bring cheer and govt's resolve boost confidence". He further also said government would work towards pushing the economic growth further. "We are focusing on capital spending in infra and social spending," he said.