NEW DELHI, Oct 24: Finance Minister Arun Jaitley on Tuesday said the Government has decided to a series of steps to sustain growth momentum in the country and maintained that macro economic fundamentals are strong enough to face challenges.
Mr Jaitley told a media conference in presence of top Finance Ministry officials that a comprehensive review of the economy and various sectors has been undertaken by senior Finance Ministry officials during which Prime Minister Narendra Modi was also present.
Top Finance Ministry officials made detailed presentation containing the analysis and the road ahead. Focusing on maintaining the rapid growth in economy and job creation, the officials said in their presentation that inflation has been under five per cent and current account deficit less than 2 per cent over the past three years.
Forex Reserve built up is also topping $400 billion. The GDP growth is also poised for take off and has been around 7.5 per cent in the last three years. The IMF forecast is also of 8 per cent growth rate. (UNI)
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