New Delhi: India yesterday said the policies of the new government will deepen the reform process to put the economy on a sustainable and balanced high growth path.
“India has elected a new government. We will be strengthening our growth strategies as per the priorities of the new government. This will deepen the reform process to put the economy on a high growth path which is in line with the G20 objective of strong, sustainable and balanced growth,” Finance Secretary Arvind Mayaram said at a G-20 nations finance and central bank deputies meeting at Melbourne, in Australia.
He said reform measures will be presented by Finance Minister Arun Jaitley in the forthcoming budget, according to a finance ministry statement here.
Mayaram said the global context was becoming increasingly challenging and less supportive of growth prospects of emerging economies. The reasons for the slowdown have been partly structural and heightened by external factors especially increased volatility with unwinding of unconventional policies, he said.
IANS
