Crossing 8% growth barrier should not be difficult: Prabhu

"GDP growth to a five-year high of 7.6% in the fiscal, mainly on account of good performance of manufacturing and farm sectors"

With the government policies like 'Make in India' and 'Digital India' being in place, crossing eight per cent growth barrier should not be difficult, Railway Minister Suresh Prabhu said on Thursday.

“In the last quarter, India grew by close to eight per cent whatever actions taken in the last two years including fixing the balance sheet of the banks, helping the corporates to fix their own balance sheets all of that should add in achieving better numbers in the years to come,” he said at Shriram Sanlam Awards function in the capital.

He also asked all the stakeholders, including media, to work together to reach higher growth numbers.

Consumption and investment are two components which are linked to boost growth, he said, adding that both are very much dependent on psychology and sentiment. Indian economy grew at 7.9 per cent in the fourth quarter of 2015-16, taking the overall GDP growth to a five-year high of 7.6 per cent in the fiscal, mainly on account of good performance of manufacturing and farm sectors.

Speaking at the occasion, Minister of State for Finance Jayant Sinha said journalists must trust intentions of the government. “The intention of the government is what is in the best interest of the country we are putting nation before anything,” he added.