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Arun Jaitley says liberalisation will prevail over protectionism
May 8, 2017 / 6:51 AM / in 7 months

Arun Jaitley says liberalisation will prevail over protectionism

TOKYO (Reuters) - Finance Minister Arun Jaitley on Monday played down fears held among some market participants that protectionism will spread globally and weigh on economies, including that of India.

Indian Finance Minister Arun Jaitley addresses a delegation while speaking on the Goods and Services Tax (GST) issues during the Vibrant Gujarat investor summit in Gandhinagar, India January 11, 2017. REUTERS/Amit Dave/File Photo

“Hopefully, I think the debate (on protectionism) will settle down and the need for greater liberalisation will prevail,” he said at a seminar in Tokyo.

Jaitley also said he expects India to achieve economic growth of 7 percent or above despite any possible negative impact on private consumption from the demonetisation of high-value currency.

Reporting by Leika Kihara

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