Finance Minister Arun Jaitley, who is on a private two-day visit to New York, has said that the Indian economy needs to reach an annual growth rate of nine to ten percent, and then sustain that activity "many, many more years than 10 years".
He said this would be the only way to improve infrastructure and bring down rampant poverty.
"We need resources and I can't get resources until I grow by nine to ten percent. And therefore, I would like to see India grow by that rate for the next 10 years," Jaitley said in response to a question following an impromptu speech at Columbia University's School of International and Public Affairs.
Jaitley said he realises that in order to achieve this goal, the two trillion dollar South Asian economy needs to find investment from outside.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app