NEW DELHI: Giving credit to an aspirational society for forcing politicians to support reforms, Finance Minister Arun Jaitley today said Indian economy has defied global slowdown and geo-political tensions and is now poised to seize the opportunity to grow faster.
He, however, regretted that while the developed world has been able to control population surge, India has been missing on its population stabilisation target.
Noting that India has missed the bus because of its conventional thinking when it came to industrial and technology revolutions, Jaitley said Indians have now become aspirational, which is putting pressure on politicians to support reforms initiatives.
He said the whole world is in a slowdown mode in which if a country is growing by 1.5-2 per cent, it has a sense of satisfaction that it is not in a negative zone.
“India, of course, is defying that trend. While we are defying that trend, for the first time in history, we are coming out much better than the rest of the world, having missed so many historical opportunities,” he said at the convocation ceremony of the O P Jindal Global University. (PTI)
