Finance minister Arun Jaitley on Wednesday exuded confidence that the growth rate in the next fiscal could exceed 7-7.75 per cent if there is less political obstructionism and the government is allowed to push through important Bills like GST and the bankruptcy law.
“With all the steps we have taken (in the Budget) and hopefully if the next financial year is politically not as obstructive as the last one (and) we are able to push through many more reforms, I am sure we will beat the target that Arvind (Subramanian) has set in the Economic Survey,” he said.
The minister was speaking during a post-Budget interaction with captains of the Indian industry.
Chief economic advisor Arvind Subramanian, in the Economic Survey, projected a growth rate of 7-7.75 per cent for the next financial year, which some experts described as “modest”.
