We need to figure out (reasons for Friday's crash)... Maybe portfolio reshuffling has started, maybe some anxiety is there," he told IANS. He asserted that the economy would clock the top end of the 7-7.5 per cent growth target for the next fiscal. "Double-digit growth in this environment of global low growth rates seem to be very, very far," he said.Though he said global issues would be a hurdle in India reaching 10 per cent growth rate, India was well on its growth trajectory and should aspire for double-digit growth. "The Indian economy has turned around and is well on its growth trajectory. But we should aim for it (double-digit growth)," he said.The slowdown in the GDP growth rate bottomed out in the first quarter of the current fiscal when the growth rate was 5.7 per cent.

Source: Economic Times February 02, 2018 13:07 UTC