Jaitley says growth cannot be compromised at any cost

Tags: News
India's economic growth cannot be compromised at any cost, Finance Minister Arun Jaitley said at a pre-budget meeting, adding the government must also contain inflation and concentrate on fiscal consolidation.

Asia's third-largest economy grew 4.7 percent in 2013/14, marking the second straight year of sub-5 percent growth, the longest slowdown in more than a quarter of a century.

Investors are keenly awaiting Jaitley's first budget, due in early July, to see whether he will stick to a strict path of fiscal consolidation laid out be his predecessor or boost spending to revive the economy.

"Mandate of 2014, clearly spells out that economic growth cannot be compromised at any cost and is sine quo non to reap the benefits of the demographic dividend," he said in a speech to state finance minister posted on his Facebook page.

EDITORIAL OF THE DAY

  • Taking development to the hinterland that is ruled by the left extremists is the only lasting solution

    In 2010, it was the 82nd battalion of Central Reserve Police Force (CRPF) that virtually got decimated in Dantewada district after a guerrilla operati

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Disequilibrium : THE UGLY AND INCONVENIENT TRUTH

Same song, different verse. The time for polemics over how ...

Urs Schoettli

On the brink, indeed

Once again the Korean Peninsula is on the brink of ...

Zehra Naqvi

How to lower your anxiety

Emotional states of a person have a direct connection with ...