Economic Affairs Secretary Shaktikanta Das has expressed his optimism that the growth in the current fiscal will exceed 7.5 percent. He said that the government will not wait for the Budget and will continue with reforms measures to make India an attractive investment destination, adding that policy initiatives are round the clock, a 24x7 exercise, and will continue.
He also said that the government will initiate a series of reforms measures from time to time, the direction of these reforms and administrative measures is to strengthen the initiative towards Make in India and second is to ensure revival of demand by giving a boost to more and more investment. He added that for Make in India the government has taken various steps including ease of doing business, simplification of procedures and rules.
Though, he ruled out any fiscal incentive to boost demand and said that it cannot be done by resorting to fiscal expansionary measures, but by promoting investment. He said that "we cannot resort to fiscal expansionary measures which were initiated 5-6 years ago when the financial crisis hit the world market... Today we don't have that fiscal room to adopt that kind of expansionary policies because beyond a point, it produces negative consequences”.