Indian Economy To Grow At 8.5% In Fiscal 2018-19, Says Power Minister


Indian Economy To Grow At 8.5% In Fiscal 2018-19, Says Power Minister

India’s economy would grow at 8.5% next fiscal and the 7.5% growth projection by economists is on the “conservative side”, power minister R. K. Singh said on Thursday.

“The economists are saying that our growth rate will touch 7.5% in the coming financial year. I think that they are even on the conservative side. Growth will touch at least 8.5%,” Singh said while addressing the 7th India Energy Congress.

“India is on the cusp of becoming a great prosperous country…The momentum has started. The last quarter results show that. The adaptation to GST (Goods and Services Tax) regime has happened. There is growth in GST collection. There is 50% increase in GST tax base,” he said. Read More…

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