Govt steps to boost growth to 9-10%: FM

Initiatives being taken by the government to boost investments and introduce tax reforms will lead to 9-10 per cent economic growth in the coming years, Union Finance Minister Arun Jaitley said on Friday. "The cumulative impact of these (initiatives), I believe, will increase our capacity to grow more than nine per cent," he said in an interview to Doordarshan.

Significant work is being done in the infrastructure as well as agriculture sectors and the government is making special efforts to tackle farmers issues, particularly irrigation, he added.

Jaitley said the government has created a transparent environment and has given up discretionary powers to dole out incentives to corporates. "We do not hear the word corruption in this government. If you have spectrum, coal, mine reserves, auction them... The money that comes from auctioning of coal and mines go to the states from where the reserves were generated."

Indian economy is expected to grow at 8-8.5 per cent in the current financial year, up from the estimated 7.4 per cent for the previous financial year.