Jaitley said the government will maintain fiscal discipline and will "continue to maintain the glide path."
The Indian economy grew at its slowest pace in three years between April and June at 5.7 percent. A Reuters poll conducted in October showed economists predict South Asia's largest economy will grow by 6.7 percent in the fiscal year ending March 2018.
Jaitley made this comment before a gathering of investors while highlighting various achievements like ease of doing business ranking by the World Bank.
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.
Jaitley's fifth and the NDA government’s last full budget before 2019 Lok Sabha polls will sport a different look with a lighter `Part B’—the section of the speech that contains tax proposals—with fewer indirect tax changes because of the Goods and Services Tax (GST)
Speaking at the Singapore Fintech Festival, Jaitley said the ongoing process of digitisation was a result of Aaadhar scheme coupled with financial inclusion, post demonetisation followed by the massive exercise on the improvement in the digital eco-payment system as well as the introduction of the Goods and Services Tax from July 1, 2017.
The minister is scheduled to meet Singapore Prime Minister Lee Hsien Loong. On November 15, Jaitley will visit the Singapore Expo and deliver the keynote address at the Singapore Fintech Festival, a global event that draws over 10,000 participants.
The first tranche of Rs 1.35 lakh crore worth of bank recapitalisation bonds with a 10-year tenure and offering a coupon rate of around 7 percent would be issued by the Centre in the first week of December.
Queen Maxima of the Netherlands will be speaking on using inclusive technology to build a better future in her capacity as the UN Secretary-General's Special Advocate for Inclusive Finance for Development.
Finance Minister Arun Jaitley, Defence Minister Nirmala Sitharman likely to accompany the Prime Minister to hard sell the India story at the WEF’s flagship annual event
Extending the verbal duel, he took a jibe at Arun Jaitley saying, "those who says I am seeking job at 80 must know I never presented budget sitting in the parliament."
At Gurugram in a conclave titled Vichar Manthan over two-days, seven groups led by a PSB chief executive officers will give presentations on topics such as credit growth, NPAs and insolvency, digital payments and financial inclusion, responsible and responsive banking, among others.
Four months after the Goods and Services Tax (GST) was rolled out, the panel headed by Union Finance Minister Arun Jaitley will look at the most comprehensive overhaul of rates, easing returns filing and providing more relief to small and medium enterprises.
Procedural simplification and rate cuts expected to soothe frayed nerves of small firms ahead of Gujarat polls next month; SMEs may be allowed to file only a single return, instead of four forms currently
"One distinct feature of India's population is that we have a large number of younger people and therefore we have more hands which can work. The second distinct feature (is) that compared to the rest of the world where population in most developed countries is either stabilising or going down, that (is) not happening in India," he said.
Four months after the Goods and Services Tax (GST) was rolled out, the panel headed by Union Finance Minister Arun Jaitley will look at the most comprehensive overhaul of rates, easing returns filing and providing more relief to small and medium enterprises, official sources said.
To a question, the finance minister said he would not comment on individual cases as there was a legal process in place to find out if accounts were legal or not.
To make the process simpler, small firms may be allowed to file of only one summary return form GSTR3B, doing away with filing of GSTR1, GSTR2 and GSTR3
"Having undertaken two major structural changes which are extremely important for the Indian economy, I think the impact being substantially behind us, the early indications for the future look to be positive."
The Finance Minister said that demonetisation has created a "cleaner, transparent and honest financial system".
Finance Minister Arun Jaitley will interact with journalists in the national capital tomorrow, while Law Minister Ravi Shankar Prasad and Bihar Deputy Chief Minister Sushil Kumar Modi will speak in Bhopal and Patna respectively.
"Excessive dependence on cash has its cost. It is not just cost but it is a curse on both society and economy," he said at an event organised by Punjab National Bank (PNB) here.
The panel -- which has been constituted with approval of Union Finance Minister Arun Jaitley -- includes other members like Araghya Sengupta (Research Director, Centre for Legal Policy), Vinod Jain (CA), Anuj Sahai (CEO of Federation of Indian Exporters Organisation) and Laghu Udyog Bharti President Om Prakash Mittal, CAIT said in a statement.
Last month, Finance Minister Arun Jaitley had announced an unprecedented Rs 2.11 lakh crore two-year road map for strengthening public sector banks. The plan included re- capitalisation bonds of Rs 1.35 lakh crore.
On the first day of his three-day campaign tour of south Gujarat, Gandhi also hit out at Prime Minister Narendra Modi on the issue of black money and said demonetisation had destroyed the country's economy.