Low Oil Prices helped Spur Growth – FM

Jaitley Caught in Defence-Finance Crossfire www.ambitionias.com
  • Finance Minister Arun Jaitley said India remained one of the fastest-growing economies in the world despite the global economy remaining uncertain.
  • “All the major economic organisations, including IMF, have predicted low growth for the world economy in the coming year.
  • However, the silver lining is low international commodity and oil prices which, in turn, have helped in a better macroeconomic situation in the India, “he said.