Niti Aayog Vice Chairman Rajiv Kumar has said that India is likely to clock 7.5 percent Gross Domestic Product (GDP) growth in the financial year 2019, mainly due to improvement in investment cycle and capacity utilization. He also said that the government must now focus on consolidating the reform initiatives undertaken in the last 47 months.
Kumar further said that the economic environment is extremely positive and optimistic. He noted that the investment cycle has certainly turned upwards. He pointed out that the capacity utilization has increased at a rate of 74 percent and the inflation is still well below the target.
Talking on reform measures that the government should take in the next one year, NITI Aayog VC said “The government has taken so many reforms and so many initiatives that I think it is now time to consolidate rather than plan for new initiatives.”
