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Arun Jaitley wants manufacturing sector to grow, offer jobs

Arun Jaitley wants manufacturing sector to grow, offer jobs

Finance Minister Arun Jaitley who is on a five-day visit to China has been meeting bankers and wealth fund managers there to pitch for more investments in India. Only three years ago, India was considered among the weaker links in the BRICS pool of countries, he said, adding that now the country has been able to keep up its reform agenda.

Finance Minister Arun Jaitley who is on a five-day visit to China has been meeting bankers and wealth fund managers there to pitch for more investments in India. Speaking at a meeting in Beijing, the FM said in the last few years there have been significant changes that have taken place in India.

Only three years ago, India was considered among the weaker links in the BRICS pool of countries, he said, adding that now the country has been able to keep up its reform agenda. "India has managed to grow when the rest of the world has slowed down,

" he said. India's growth has come about in an unsupportive global environment, which shows the country's strength and potential. Indian economy has been growing at 7 percent in the last two years. He also mentioned Japan, Taiwan, Korea and China as economies that have seized the opportunity to grow at a rate of 9-10 percent for two-three decades. "

That is when they pulled the people out of poverty." India's goal is to pull a large number of people in agri out of the sector and get them into other sectors. Services sector has been growing at 9-10 percent but manufacturing needs to see to scale up, he said.
 

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