Finance Minister Arun Jaitley has virtually rebutted RBI Governor Raghuram Rajan’s remarks that India is ‘one-eyed king in the land of blind’ saying compared to the rest of the world, the Indian economy was growing much faster and, in fact, the fastest.
At 7.5% growth rate any other country in the world would be celebrating but it is a tribute to India’s growth story that at this rate “we are still impatient because we know that our potential is to do distinctively better”, he said.
Jaitley was reacting to a question by CNBC TV18 on Rajan’s remarks last week that at 7.5% growth rate India seemed to be ‘one eyed king in the land of blind’.
As regards reforms, he said that the momentum must continue and expressed hope that Goods and Services Tax (GST) will get through with numbers changing for the better in the Rajya Sabha.
PTI