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Growth has returned: NITI Aayog CEO

Author: IANS/Friday, December 1, 2017/Categories: Economy

Growth has returned: NITI Aayog CEO

Hyderabad, Nov 30 - With the GDP growing during the second quarter of 2017-18 after a five-quarter slide, NITI Aayog CEO Amitabh Kant on November 30 said growth has returned and the country will now move ahead on a higher growth trajectory.

All sectors of the economy are bouncing back, he told reporters on the sidelines of Global Entrepreneurship Summit (GES) here.

Claiming that the investment by the public sector has gone up, Kant also termed the Goods and Services Tax a major structural reform.

He exuded confidence that consumer demand will pick up and public sector investment will also increase.

Earlier, addressing a news conference, he expressed happiness over GDP figures, saying the GDP growth for Q2 is 6.3% against 5.7% during the previous quarter.

"The year-on-year growth could be 7.5% ," he said.

He hoped that GES will lead to innovation, entrepreneurial dynamism and a greater level of rise for Make in India, Digital India, Startup India to take growth to higher level in years to come.

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Kavita Giridhar Mallya

IANS

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