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India , a bright spot in the world economy

International Monetary Fund (IMF) has recognized India as a bright spot in the world economy and Indian Union Finance Minister Arun Jaitley ji showed his thankfulness towards Them .

 

“IMF has recognised India as a bright spot and we are grateful to them.” Arun Jaitley ji said Addressing the Advancing Asia’ conference

 

“Indians have become more aspirational. There is a lot of volatility in the world. The growth potential is higher in Asian and African countries. The constituency, which supports reforms and has increasingly become aspirational, is much bigger than those who oppose in the country. As Prime Minister Narendra Modi elaborated, our growth model is based on poverty alleviation. We are going in for far simpler indirect tax regime. We have brought lot of fairness into governess system. Our emphasis is on rural infrastructure, transferring of resources in rural areas and social sectors. India’s rapid economic growth that is now the fastest among big economies in the world is very distinct in Asia,” Arun Jaitley ji added.

 

Prime Minister Modi ji said government will continue ‘reform-to-transform’ process .¬†Finance Minister also showed a hope that the two landmark ¬†reforms , Insolvency Law and GST Bill , would be passed in the second half of the Budget Session of Parliament.

 

India is considered as a bright spot in the world economy . Its a good news for Indian economy and will help india to progress.

 

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