You are here: Home » Economy & Policy » News
Business Standard

Poor need sound policy, not slogans: Jaitley at NITI strategy paper launch

The document aims to accelerate GDP growth to 8% and propel the country towards a $5-trillion economy by 2030

Press Trust of India  |  New Delhi 

Arun Jaitley
Arun Jaitley, Union finance minister. File photo

In an apparent attack on the Opposition, Finance Minister on Wednesday said sound policy, not slogans will help in alleviating poverty and fulfilling aspirations of people.  

He said slogans have transient life and people soon realise that they cannot be implemented. 

There is an obvious debate on whether sound policy pays more or slogans pay more, he said after the release of 'Strategy for New India @75' prepared by NITI Aayog. 

"In a democracy, these debates will always arise...The aspirational people who have a high level of aspiration and very low level of patience now will point out on day two or day three about the inability to convert slogans into reality," Jaitley said.

However, he said, "Sound policy will always put the economy on track in which it will get perpetually people out of poverty and give them a better quality of life."
 


President on Tuesday said his party and other opposition parties would force Prime Minister to waive farmer loans, and that the will do it after 2019 general election if the Modi government failed to act immediately.

"The course we have adopted is now gradually perfected itself with Indian model in which you grow faster, you utilise the resource of the state in order to pull out millions of people out of poverty, give them a better quality of life...each decision is really aimed in this direction," Jaitley said.
 

"Historically, we have squandered several opportunities. Fortunately, we are on the cusp of making history wherein the last few decades India has started making full utilisation of those opportunities and that seems to be the course to go ahead," he added.

About NITI Aayog's strategy document, he said it will be fruitful for the government.

The document aims to accelerate GDP growth to 8 per cent and propel the country towards a $5-trillion economy by 2030. 

"The overarching focus of the strategy document is to further improve the policy environment in which private investors and other stakeholders can contribute their fullest towards achieving the goals set out for New India 2022 and propel India towards a $5-trillion economy by 2030," it said.  

First Published: Wed, December 19 2018. 16:25 IST
RECOMMENDED FOR YOU