According to official data, in the first quarter of the financial year 2022-23, the country’s economy has grown at the rate of 13.5 percent, according to the Finance Minister, it is not impossible to achieve more than 10 percent growth in this financial year.
More than 10 percent growth possible – Finance Minister
Union Finance Minister Nirmala Sitharaman said on Saturday that India is in a stronger position as compared to other countries and is in a better position to help the needy sections. is also responsible. Talking to reporters here, Sitharaman showed a positive attitude regarding GDP growth. During this, he also referred to the news in which it was said that there is no danger of recession in the country.
Growth expected to be in double digits
When asked about the expectation of GDP growth to be in double digits this year, Sitharaman said, I expect it to happen. We will work for it. If you are not standing on the verge of recession, it gives confidence. You are taking continuous steps to help the needy sections and give impetus to the economy. Some people will try to attribute this high growth to last year’s low base, said the company. We are in a stronger position than the economies we are talking about. We are indeed the fastest growing economy. Referring to the reports of the World Bank and the International Monetary Fund (IMF), he said that the economies considered to be more developed than India are currently on the verge of recession.
What did the finance minister say on free schemes
On a question related to free gifts being distributed by the governments, Sitharaman said, we must participate in this discussion because if you are giving something free to someone, it means that someone else is bearing the burden. . He suggested that any government coming to power should make financial provision for free gifts after assessing its financial position.