The Govt, Jaitley Said, Is Committed To Fiscal Discipline, Boosting Investment In Infrastructure And Reviving Manufacturing
New Delhi :The government has managed to bring current account deficit within ” with help from falling oil prices, Finance Minister Arun Jaitley said today and added that economic revival has begun. The government, he said, is committed to fiscal discipline, boosting investment in infrastructure and reviving of manufacturing sector.
In a pre-Budget interaction with economists here, he said with a sharp decline in international oil prices and due to focused attention from the government, the current account deficit (CAD) is also within the comfort level.
“Global economic situation is facing a critical challenge and the present government is committed to regaining investors’ confidence,” an official statement quoted him as saying at the meeting. Stating that the government has taken lots of initiatives in the last 7-8 months, he said overall, with growth improving and inflation and external fronts under control, macro-economy stability has improved.