India’s economic slowdown has bottomed out and now it should start moving upwards after recovering from the “temporary blip” seen during the recent structural changes, Finance Minister Arun Jaitley said on Thursday. Addressing investors at the Morgan Stanley annual conference here on ‘India: Structural Reforms and Growth Path Ahead’, Jaitley talked about the “massive” economic reforms undertaken by India. He acknowledged that there was a “temporary blip” as a result of structural changes that were initiated by the government. “I think the bottoming out of the economy is complete and now it should start moving upwards. “Therefore, we need over the next, at least, a decade, if not more, significantly higher growth rates in order to go ahead with expansion plan of the Indian economy,” Jaitley said.

Source: Hindustan Times November 16, 2017 08:26 UTC