Economy on recovery path: Jaitley
Signalling a revival in the economy, the government released a data on Friday which showed the country's gross domestic product (GDP) grew by 5.7 percent in the April-June quarter of 2014-15.
Jaitley told a press conference along with Commerce Minister Nirmala Sitharaman that his government has allayed investors' fear on retrospective tax, created a special mechanism for tax dispute resolution and took some firm decisions on insurance sector.
"The raising of FDI in defence has been accompanied, by a series of other steps," he said that a sea change in terms of investment has been effected.
"Long-term impact of decisions taken in 100 days will be gradually felt," he said.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
