The Finance Minister Arun Jaitley has once again pitched for a higher growth of 8 to 10 percent to eradicate poverty, said the country is no more satisfied with the current rate. Jaitley said “India is no longer satisfied being in the 6 to 8 percent growth. It wants to transcend to another level and aim for 8 to 10 percent growth...We wish to grow faster because we have a huge challenge of eradicating poverty ahead of us.”
Jaitely stating ‘Digital India’ initiative will help in bridging the gap between rich and poor said that this initiative will empower India by utilising the technology to the foremost. He said that over the next few years, “we will see more banking done through the Internet, done through payment gateways rather than brick and mortar branches of banks”.
Finance Minister added that in a period of less than five months, we were able to open 160 million Jan Dhan accounts. The Direct Benefit Transfer extends to almost 130 million people and achieved in a matter of few months. 110 million insurance policies started within a period of less than five weeks and now it will be the government’s effort to make ‘Digital India’ a way of life and governance in India.
He said that Technology would also play a key role in other sectors such as education, media, justice delivery system and healthcare. The economy grew at 7.3 per cent in 2014-15 and the government has targeted GDP growth between 7.5 per cent and 8 per cent for the current financial year.
