New Delhi: Indicating a turnaround in the current fiscal, the Prime Minister Dr Manmohan Singh is optimistic to regain the economic growth in 2013-14 period with a slew of streamlined reforms planned by the government. The Prime Minister further outlined the liberalizing measure implemented over the FDI regime, particularly in the multi-brand retail sector, controlling inflation and on fiscal consolidation to give a boost to the country’s manufacturing segment.He, however, refrained from making any remarks about stalled legislations including Goods and Services Tax (GST) and Direct Taxes Code (DTC) in the speech he delivered on the occasion of the fourth anniversary of the UPA-II government.
“We expect the growth to be over 6% in 2013-14, the government has already undertaken 42 reforms measures in financing, banking, industry, infrastructure and taxation,” added Dr Singh. The Prime Minister is also confident in recording a better economic performance this fiscal than the last year.
EPC World News Bureau