Liberalisation will prevail over protectionism: Arun Jaitley

FM played down fears held among some market participants

Arun Jaitley
Union Minister for Finance, Corporate Affairs and Defence, Arun Jaitley meeting the Finance Minister of Japan, Taro Aso. Photo: PTI
Reuters Tokyo
Last Updated : May 08 2017 | 5:35 PM IST
Finance Minister Arun Jaitley on Monday played down fears held among some market participants that protectionism will spread globally and weigh on economies, including that of India.

"Hopefully, I think the debate (on protectionism) will settle down and the need for greater liberalisation will prevail," he said at a seminar in Tokyo.

Jaitley also said he expects India to achieve economic growth of 7 percent or above despite any possible negative impact on private consumption from the demonetisation of high-value currency.

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First Published: May 08 2017 | 5:35 PM IST

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