India emerges as fastest growing economy in world: Jaitley


The Union Finance Minister Arun Jaitley said that Indian economy has emerged as one of the fastest growing economies in the world with its GDP growth accelerated at 7.3 percent in 2014-15 compared to 6.9 per cent growth in 2013-14 and 5.1 per cent in 2012-13, indicating that the economy is firmly on the path of economic revival. The Finance Minister Jaitley was making the Opening Remarks during his fourth Pre-Budget Consultative Meeting with the representatives of IT (Hardware & Software) Sector on Friday in New Delhi.

Highlighting the contribution and importance of IT Sector, the Finance Minister said that the Government’s ‘Make in India” programme has included the electronic systems and IT & BPM (Business Process Management) sectors among the 25 key sectors. He said that the Governments recognizes this Sector’s potential and the Information Technology sector is a key pillar in various flagship initiatives like digital India, Make in India, Skill India as well as Start-up India among others.

The participants expressed their gratitude and congratulated the Government for the measures undertaken in the previous year which facilitated their market performance and enabled them to revive and improve their growth .They expressed full confidence in India being the next big player in the manufacturing field in the world. They further said that Manufacturing will be the major driving force of our economic growth and they will be able to achieve the committed target of creation of job opportunities.

Along with the Finance Minister Arun Jaitley, the aforesaid Pre-Budget Consultative Meeting with the representatives of IT (Hardware & Software) Sector was also attended among others by R.N. Watal, Finance Secretary, Shaktikanta Das, Secretary, DEA, Dr. Hasmukh Adhia, Revenue Secretary, Ms Anjuli Chib Duggal, Secretary, Financial Services and Dr. Arvind Subramanian, Chief Economic Adviser (CEA). The representatives of the IT (Hardware & Software) Sector present during the meeting included Ramadas Kamath, Infosys, P.V.Srinivasan, WIPRO, Anil Chanana, CFO, HCL,Pauroos D Karkaria,TCS, R. Chandrashekhar, Chief Economist, NASSCOM, Ms Nisha Tompson, Founder, Datameet, Vinod Sharma, Chairman, Electronics and Computer Software Export Promotion Council, Nitin Kunkolienker, Vice President, Manufactures Association for Information Technology (IT), Rajoo Goel, ELCINA Electronic Industries Association of India, Hari Om Rai, Co-Chairman Task Force on Mobile Phone Manufacturing, Suraj Saharan Ajit Pai, COO,Delhivery, Sumandro, the Centre for Internet & Society and Vikas Jain, Member, Task Force on Mobile Phone Manufacturing among others

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