The move comes days after Budget announcement. In his Budget, Mr Jaitley had loosened the reins on public spending to drive growth, but promised lower-than-expected borrowing despite raising the fiscal deficit target.
Credibility of Indian economy has been re-established. The world is predicting it is India’s time to fly....We have to think in terms of a quantum jump. Incremental changes will not take us anywhere. - Arun Jaitley