Global slow growth is India's opportunity: Jaitley


Posted on 8th Jan 2015 11:42 am by mohit kumar

Kolkata, Jan 7 (IANS) The ongoing global slow growth is an opportunity for India as investors are eyeing the country's market, Finance Minister Arun Jaitley said here Wednesday.

"Many parts of the world are slowing down today. And therefore, global investors are looking at us. It is this situation which we can convert into an opportunity, and this opportunity will enable India to grow," Jaitley said during the two-day Bengal Global Business Summit here.

He said the manufacturing and infrastructure sector will drive the country's growth.

"We need to substantially concentrate on the manufacturing sector. We need to give a massive boost in infrastructure, particularly public spending in infrastructure," he said.

Jaitley, who is also the corporate affairs minister, said the manufacturing sector will help address the country's under-employment issue.

"It is manufacturing which is going to create jobs. It is manufacturing in which people are going to shift from under-employment in the agriculture sector. And that is where one of the greatest challenges in the next few years is going to lie," he said.

0 Like 0 Dislike
Previous news Next news
Other news

Thousands from outside campaign for BJP, AAP in Delhi

New Delhi, Feb 4 (IANS) Wearing their trademark white and saffron caps respectively, thousands

Cricket makes contribution for Vanuatu cyclone victims

Wellington, March 19 (IANS) Following the recent natural catastrophe caused by Cyclone Pam whic

Teachers Day 2022: PM Modi, Home Minister Amit Shah, and JP Naddi congratulate on Teachers' Day, remember Sarvepalli Radhakrishnan

Teachers Day 2022- Teachers' Day is celebrated on 5th September every year in India. On this day

Growing concern over vaccine demand in India, Covax said - Serum legally obligated to supply vaccine

New Delhi. On behalf of COVAX, it is stated that the Serum Institute of India (SII) is legally ob

OnePlus 8 will be available in open cell today, learn prices and offers

new Delhi

OnePlus 8 smartphone will once again be found in open cell. This flagship hands

CBSE Syllabus Controversy: Rahul Gandhi told CBSE, Central Board of Suppressing Education, targeted the Sangh

CBSE Syllabus Controversy: Congress leader Rahul Gandhi has targeted the Sangh Parivar over the d

Katra-Srinagar Vande Bharat: Kashmir's first Vande Bharat train started for common people, passengers' faces lit up

After Prime Minister Narendra Modi flagged off the train for the Katra-Srinagar route yesterday,

Why does Himanta Biswa Sarma make a derogatory statement against Rahul Gandhi?

Assam Chief Minister Himanta Biswa Sarma recently made a controversial remark on Congress leader

Kangana Ranaut's office broken by BMC, actress again told Mumbai 'POK'

A team of Mumbai Municipal Corporation has started demolishing parts of actress Kangana Ranaut's

Himachal CM presents supplementary demands

Shimla, March 11 (IANS) Himachal Pradesh Chief Minister Virbhadra Singh on Wednesday presented

Sign up to write
Sign up now if you have flare of writing..
Login   |   Register
Follow Us
Indyaspeak @ Facebook Indyaspeak @ Twitter Indyaspeak @ Pinterest RSS



Play Free Quiz and Win Cash