India has high growth potential for next two decades | Arun Jaitley

Finance Minister Arun Jaitley has said that India has the potential to grow at a reasonably high rate in the next two decades. Speaking at an event organised by the US-India Strategic and Partnership Forum in Washington last night, Mr Jaitley said India’s high-level growth will be furled by a series of structural reforms being carried out by the government, turnaround in the global economy, and the massive investment opportunity that the infrastructure sector offers.

He said today, India is one of the most open, globally integrated economy and the government has taken a series of steps to improve the ease of doing business. The Finance Minister said the sheer size of the country and economy will offer huge opportunity for investment in India in the next few years.

Speaking about the Goods and Services Tax, Mr Jaitley said it is a more efficient system which has brought the country together economically and allowed free flow of goods and services across the country.