NEW DELHI Indian needs to aspire to economic growth rates of 8-9 percent if it is to lift its legion poor out of poverty, Finance Minister Arun Jaitley said on Saturday.
"The Indian normal has to be in the 8 or 9 percent category," Jaitley said in an interview at the Economic Times Global Business Summit. "It is only at that pace that you can get rid of poverty."
Jaitley declined to be drawn on whether he would revise his fiscal deficit targets in his annual budget next month.
(Reporting by Douglas Busvine)
Trending On Reuters
U.S. senators questioned on Tuesday whether India's development of a port in southern Iran for trade access risked violating international sanctions, and a State Department official assured them the administration would closely examine the project. Full Article