Backing reforms from various fiscal sources, NITI Aayog cites India’s economy to grow by 9% in 2022.

NewsBharati    22-May-2018
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New Delhi, May 22: Focusing on creating reforms with the aim of covering tax under one setup of GST, the Indian economy has boomed up and reciprocates to blurt out benefits in a long run. Encompassing a backing of reforms like GST, demonetization and the Insolvency and Bankruptcy Code (IBC), NITI Aayog vice chairman Rajeev Kumar exuded confidence that India will reach 9% growth rate by the year 2022.

In an out to out talk session with the NITI Aayog team, vice chairman Rajeev Kumar was set ready to answers questions through a live organized by the team on Facebook.

 

Sighting the growth of Indian economy gaining momentum, it has seen to be rising with 6.6% in 2017-18 and expected to grow at 7.5% this fiscal. In a live broadcasting on social media Facebook, vice chairman Rajeev Kumar of NITI Aayog said, "Given that we have done GST, demonetization, IBC, recapitalization of the bank, we will grow at 9% growth by 2022. We will also able to sustain it at that level."

He also pointed out that Indian economy averaged 8.3% from 2003-11. Replying to a question on popularising electric vehicles, he said that this is the best time for India to encourage, promote electric vehicles as petrol price is now touching USD 80 per barrel. Answering questions on the farm sector, he said, "We are doing pilot projects which can demonstrate that farmer’s income can be doubled."
The government proposed double the income of farmers by 2022.

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