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.
Ranbir Kapoor and Shraddha Kapoor's film 'Tu Jhoothi Main Makkar' is going to release soon. In su
Cyclonic storm Michong has now weakened. Before hitting the coast between Nellore and Machilipatn
How can we stop the third wave of corona? The scientific advisor of the Central Government replied
Principal Scientific Adviser of the Central Government, who warned of the arrival of the third wa
Meghalaya Police recreated the crime scene of Raja Raghuvanshi's murder in Sohra. Police took Vis
In Saudi Arabia, 81 people were hanged in a single day. All of them were involved in crimes like
YouTuber & Comedian Devraj Patel's Last Instagram Video: Once again bad news is coming out fr
Manohar talks to Haryana Roadways driver in UP, a police officer suspended
Chandigarh Taking cognizance of a driver of Haryana Roadways, Chief Minister Manohar Lal spoke to
ICSI CSEET 2022: The Institute of Company Secretaries of India (ICSI) has started the registratio
Minorities' patriotism beyond suspicion: Rajnath
New Delhi, March 23 (IANS) The patriotism of religious minorities in India can't be questioned,
Monkeypox Outbreak: Monkeypox virus can cause further destruction, WHO told this reason
Amid a rise in monkeypox infections, the Director-General of the World Health Organization, Tedro
