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This fiscal GDP to grow 8% and agriculture 4%

Union Minister Meghwal said this year India will achieve 4 percent in agricultural growth

Policy Pulse
Publish Date: Oct 24 2016 5:41PM | Updated Date: Oct 24 2016 5:42PM

This fiscal GDP to grow 8% and agriculture 4%

The country's economy will grow 8 percent this fiscal while agricultural growth is expected to be over 4 percent, said Union Minister Arjun Ram Meghwal said in his address at the ICAI International Conference 'Jnana Yagna' on Sunday.


"In Asia, China was growing at 8 percent for the past 20 years. Now we have seen some decline. On the other hand India is growing at 7 percent. This year we are hoping that our agricultural growth will be reaching more than 4 percent," the Minister of State for Finance and Corporate Affairs said.


"Since 1952, we are fixing a target of our agricultural growth at 4 percent. First time, this year in the history of India we will achieve 4 percent in agricultural growth. That will be an achievement. Our economy will definitely reach 8 percent," Meghawal said.


Interacting with the delegates, the Minister said the ICAI members should be able to convert threats into opportunities. He also said the Narendra Modi-led NDA government will not tolerate corruption at any level.


"There is no corruption in all the 72 departments, ministries in the centre due to the call given by PM Narendra Modi that he would not allow corruption. We want to destroy that particular system (related to corruption). So, we need your (chartered accountants) help as a technical person," he said.