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    HomeNewsBusinessEconomyIndia needs to grow at 7-8% a year: Jayant Sinha

    India needs to grow at 7-8% a year: Jayant Sinha

    India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said earlier, putting pressure on the Reserve Bank to cut interest rates.

    November 25, 2014 / 19:07 IST

    India has no choice but to grow at a higher rate of 7-8 percent a year, the country's junior Finance Minister Jayant Sinha told reporters on Tuesday.

    Sinha said faster growth is required to create more jobs that the country needs, and to strengthen the rupee.

    India's economic growth probably slowed to around 5 percent in the three months to September, slipping from 5.7 percent in the previous quarter, two senior finance ministry sources said earlier, putting pressure on the Reserve Bank to cut interest rates.

    first published: Nov 25, 2014 07:07 pm

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