10% growth challenging, India needs Rs 50 lakh cr investment: Arun Jaitley

Jaitley said that each of the government's reforms had a particular direction and that structural changes in the economy had been implemented

India has standardised itself for a seven-eight per cent growth rate on the back of improving macroeconomic fundamentals and it will need Rs 50 lakh crore in investments in the next five years, Finance Minister Arun Jaitley said on Thursday. 

"India has standardised itself ordinarily for a growth rate between seven to eight per cent. If it slows down, it is more towards seven (per cent) and if it paces up it is more towards eight per cent growth. It's already close to $2.5 trillion economy in terms of GDP," he said while delivering a lecture in New Delhi.