Finance Minister Arun Jaitley rejected the charge of being pro-corporate and underlined that the country needs high growth for creation of jobs, addressing social issues and development of infrastructure.
He was replying to a debate in the Rajya Sabha on Appropriation Bill 2015-16, which was later approved by a voice vote, marking completion of the first phase of the budgetary exercise.
Also Read
"We need larger consensus on growth roadmap... Obstructionism can have a sadistic thrill, but that can only be temporary," he said.
Advocating the need for pushing reforms, he said, "Unless the economy grows at a faster pace... India's normal (growth) is 8-9 per cent and we are targeting a double-digit growth. Indian normal cannot be 4-5 per cent growth where you can barely pay salary and undertake essential expenditure."
His appeal came at a time when some key reform legislations like Land Acquisition Bill, Coal Bill and Mines and Minerals Bill are stuck in the House because of stiff opposition by some parties.
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
)