Economy to grow over 7% next fiscal: Shaktikanta Das

Shaktikanta Das-wefornews-min

New Delhi, Feb 4, 2017: Economic Affairs Secretary Shaktikanta Das today expressed confidence that the economy will grow upwards of 7 per cent next fiscal.

Speaking at FICCI, Das said “For this year’s GDP growth, we have to wait till March-end. But next year, it will be upwards of 7 per cent.”

Drawing on Finance Minister Arun Jaitley’s remarks, the secretary said there will be the transient impact of demonetisation on the economy, but it will not spill over to the next fiscal.

A large part of an economy is moving towards digital transactions, he noted. Despite the global headwinds, Das said India’s growth remains much stronger. “It has stayed afloat. Not only stayed afloat but also doing well. Our commitment is to push growth momentum,” he explained.

 Wefornews Bureau

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