Today, the government has said that the macro-economic scenario has improved significantly due to revival of growth and subdued inflation and exuded confidence that interest rates will be declining in the coming years.
The Finance Minister, Arun Jaitely said, “Macro-economic outcomes have improved significantly, primarily with the revival of economic growth and subsidence of inflationary tendencies.”
The GDP in 2014-15 improved to 7.3 percent from 6.9 percent in 2013-14. It is expected to be 8-8.5 percent in the current financial year.
He said, “With fiscal deficit coming down, and easing of inflationary pressure, it’s expected that interest rates would be falling in years to come.”
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