New Delhi, Jan 8 (IANS) The slowdown in the growth rate has tapered out and the economy will recover further because of falling inflation and a favourable external environment, Finance Minister Arun Jaitley said Thursday.
"Emerging trends indicate the growth deceleration in India has bottomed-out. Significant downward trend in inflation has also been recorded in the second and third quarter of 2014-15," he said at a pre-budget meeting here with social sector representatives.
The external environment has also largely turned in India's favour, Jaitley said, according to a finance ministry release.
"Domestic policies to achieve macro-economic balance and the on-going process of economic reforms would lend further strength to the recovery of the economy," he said.
Falling crude oil prices in the international market have come as a breather for the government, he added.
Jaitley also said that apart from ongoing schemes and programmes for the marginalised and vulnerable sections of the society, the government has initiated various special social sector programmes.
It has given a thrust to skills development and the Make in India programmes to improve employability and create more job avenues, he added.
The finance minister, who will present the budget for 2015-16 next month, received various suggestions from social sector groups, including immediate steps to prevent diversion of funds meant for Dalits and tribals, which will make available about Rs.30,000 crore for their development and proper implementation of the Prevention of Domestic Violence against Women Act.
Other suggestions include implementation of a national competition policy to push growth onto a higher trajectory, and adoption of a public procurement law to curb corruption, the statement said.
e-SIM in iPhone 15: Now your iPhone will run without SIM, this amazing feature is coming
e-SIM in iPhone 15: The market for speculation about the next model of iPhone is hot. Many types
The Israeli army on Tuesday warned its citizens that missiles have been fired from Iran (Israel-I
Rupee vs Dollar: Rupee closes at record low against the dollar, dollar index at two-decade high
Dollar vs Rupee: On Wednesday, September 21, the Indian rupee closed at its lowest level against
Corona imprisonment: '20 days imprisoned, eaten a handful of whole day'
new Delhi
How was the atmosphere in China, fear of Corona virus in flight, how were the 1
BSEB Class 12th Answer Key 2022: The answer key of the class 12th board exam has been released by
IIT, NIT to Prepare Fly Ash Utilisation Report in Odisha
Bhubaneswar, Jan 23 (IANS) The Odisha government has decided to engage the Indian Institute of
AIIMS doctors repair rupture in windpipe, foodpipe
New Delhi, Jan 6 (IANS) An 18-year-old youth, who suffered a grievous injury in his windpipe an
The third wave of the corona epidemic in Maharashtra may come in December. This is to say of the
Gyanvapi Mosque Dispute: A hearing was held on Monday in the court of the District Judge of Varan
Katrina-Vicky: After Salman Khan, Katrina-Vicky received death threats, police complaint filed
Bollywood star couple Katrina Kaif and Vicky Kaushal have received death threats. Vicky Kaushal h
