A compelling case for pragmatism
When Chinese President Xi Jinping landed in Macau, the world’s gambling capital, the air was thick with anticipation. Macau,often dubbed the “Las Vegas of the East,” is much more than a beacon of wealth and opulence.
Union Finance Minister Arun Jaitley on Saturday said the Indian economy will grow 7.2 per cent in the financial year 2017 and 7.7 per cent in 2018.
“Indian economy is expected to grow at 7.2 per cent in 2017 and 7.7 per cent in 2018,” Jaitley said, adding, “The country needs $646 billion over next few years to finance infrastructure development”.
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Jaitley said “the global growth is showing positive sign and moving upwards & is expected to improve further in 2017-18”.
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“Emerging market economies are facing new challenges like protectionism and increased geopolitical tension,” he added.
According to a recent report by global rating agency Fitch, "Indian economy will grow by 7.1 per cent in current fiscal, 7.7 per cent in 2017-18”.
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