A file photo of Mohandas Pai. Mohandas Pai on Friday shared optimism with finance minister Arun Jaitley’s remarks that the economy would grow at 7%, despite lower GDP growth in Q1, due to pre-GST destocking of goods. “I share the optimism (of Jaitley’s remarks that the Indian economy will grow seven per cent, inspite of lower GDP growth in Q1. Jaitley had Thursday termed the Q1 GDP growth data as a matter of concern, but expressed optimism of the economy growing at 7%. He had also said that improvement in the global economy and a good monsoon would aid India GDP growth in the coming quarters, which ought to be better if the country was to achieve the annual growth target.

Source: Mint September 01, 2017 08:47 UTC