You are here: Home » Economy & Policy » News
Business Standard

GST, demonetisation biggest growth contributors: Economic affairs secretary

Garg said that the main priority of government is quality infrastructure

ANI  |  New Delhi 

Centre's Rs 5.5-lakh cr infra push to economy with Bharatmala
Union Minister for Finance and Corporate Affairs, Arun Jaitley with top officials of his ministry after a press conference at National Media Centre in New Delhi. Photo: PTI

Economic Affairs Secretary Subhash Garg on Tuesday said that Goods and Services (GST) has been the biggest reform, along with other ones like and the battle against

"has come down significantly and that India's GDP is poised to grow from here on," said Subhash Garg while presenting the numbers at a media conference here.

While talking about the recently flashed numbers, Garg said that it is not likely to rise beyond four per cent.

"The current economic slowdown is bottoming out. Fiscal deficit is under control and that the is unlikely to overshoot its target of 3.2 percent fiscal deficit at the end of the current fiscal year," added Garg.

"Rs. 11.47 lakh crore on capital expenditure, more than half its target for the fiscal year has already been spent by the government," said Garg.

He added that the increased spending has been targeted in a manner, which will bring in more investment and spur

Pointing at effective and targeted spending, Garg said that the main priority of is quality infrastructure.

"will spend Rs. seven lakh crore in road infrastructure over the next five years. Construction of new roads under the BharatMala programme will take place along with entail construction of 34,800 km of roads," added Garg while announcing governments target spending plan.

First Published: Tue, October 24 2017. 21:50 IST
RECOMMENDED FOR YOU