Private sector investments will fuel growth, opines Amitabh Kant

ANI | Updated: Nov 30, 2017 20:09 IST

New Delhi [India], Nov. 30 (ANI): Hailing the GDP growth in Q2, NITI Aayog CEO Amitabh Kant on Thursday said that investments in private sector will fuel growth in the country in the coming months.

He said that it is important to push the government's reforms and the country will go on high trajectory growth rate.

"I think private sector investment will return in next 4-5 months and that will take the country forward,' Kant told ANI.

Kant further said that there has been a major push in construction, mining and electricity sectors, adding that it is necessary to take the growth to 9-10 percent in the next decade for which the government has introduced a lot of structural reforms.

The Gross Domestic Product (GDP) estimates for the second quarter, which were released today, are reflective of a positive upswing and growth momentum in the Indian economy.

According to sources, the estimates of Gross Domestic Product for the second quarter (July-September) of 2017-18, released by CSO (Central Statistics Office) are in line with the expectations and projections made by the Reserve Bank of India and other agencies.

The GDP growth has increased to 6.3 percent (up from 5.7 percent for the first quarter (Q1) of 2017-18). The GVA (Gross Value Added) growth has been recorded at 6.1 percent (up from 5.6 percent for the same period). (ANI)

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