India's finance minister optimistic 10.5% nominal economic growth target achievable

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Sept 15 - Finance Minister Nirmala Sitharaman expressed optimism, in interview published on Friday, that India could achieve its nominal economic growth target of 10.5% this fiscal year, and hinted that growth took priority over taxing diesel vehicles.

The minister also said stocking up of passenger vehicles by dealers to meet festival demand is an indicator for"activity and good buoyancy in the economy."She also said there was nothing holding back a majority stake sale of IDBI Bank but it was a matter of timing. Earlier this week, India's road transport minister Nitin Gadakri he will propose an additional 10% tax on diesel vehicles, but then walked back on his comments, saying India is no such new tax.

 

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