The Indian economy has the potential to achieve a GDP growth rate of more than 7-8% in view of policy changes, accompanied by a supportive global environment, said finance minister Arun Jaitley on Tuesday. Addressing the India-Korea Business Summit, he observed that, over the next 10-20 years, India will continue to remain one of the fastest growing economies in the world. “India has demonstrated in the last few years that it has, even in a global environment of adversity, a potential to self correct itself, to continue to take difficult decisions if necessary and maintain a high growth trajectory,” Jaitley said. According to Jaitley, most people in India believe that a 7-8% GDP growth rate is an absolute normal for the country but the real potential of India is to beat that. “Therefore with policy changes accompanied by a supportive global environment, India perhaps has the potential to achieve a little more than that,” said the minister.

The Indian economy has the potential to achieve a GDP growth rate of more than 7-8% in view of policy changes, accompanied by a supportive global environment, said finance minister Arun Jaitley on Tuesday. Addressing the India-Korea Business Summit, he observed that, over the next 10-20 years, India will continue to remain one of the fastest growing economies in the world. “India has demonstrated in the last few years that it has, even in a global environment of adversity, a potential to self correct itself, to continue to take difficult decisions if necessary and maintain a high growth trajectory,” Jaitley said. According to Jaitley, most people in India believe that a 7-8% GDP growth rate is an absolute normal for the country but the real potential of India is to beat that. “Therefore with policy changes accompanied by a supportive global environment, India perhaps has the potential to achieve a little more than that,” said the minister.