LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Emerging economies account for over 75% of global growth: Arun Jaitley

The discussion sessions focused on the Compact with Africa, Financial Sector Development and Regulations, International Financial Architecture and Global Financial Governance.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Emerging economies account for over 75% of global growth: Arun Jaitley
Arun Jaitley speaking at a press conference. Photo: IANS
Written By: IANS
Updated: Sat, Apr 22, 2017
03:32 pm
Washington, IANS
RELATED NEWS
India-US relations more stronger, matured over last few decades, says Arun Jaitley India-US relations more stronger, matured over last few decades, says Arun Jaitley
FM Arun Jaitley holds bilateral meet with US Commerce Secretary Wilbur Ross to resolve H-1B Visa tightening issue FM Arun Jaitley holds bilateral meet with US Commerce Secretary Wilbur Ross to resolve H-1B Visa tightening issue
Arun Jaitley takes up H-1B visa issue with US Commerce Secretary Arun Jaitley takes up H-1B visa issue with US Commerce Secretary
Defence Minister Arun Jaitley clears proposal to buy Barak missiles for Navy Defence Minister Arun Jaitley clears proposal to buy Barak missiles for Navy
18 lakh accounts under scanner for large deposits: FM Jaitley 18 lakh accounts under scanner for large deposits: FM Jaitley

Finance Minister Arun Jaitley said that emerging economies have become increasingly important, accounting for more than 75% of global growth, and that India has been a major driver of global economic growth.

Jaitley said India's growth is expected to be 7.5% for 2017-18 as against 7.1% in 2016-17.

"India's growth remains resilient, with low inflation, fiscal prudence and low current account deficit," the Minister said, addressing a gathering at the G-20 Finance Ministers' and Central Bank Governors' Meeting in Washington D.C. on Friday.

The discussion sessions focused on the Compact with Africa, Financial Sector Development and Regulations, International Financial Architecture and Global Financial Governance.

Jaitley said that India is on course to introduce the Goods and Services Tax (GST) from July 2017.

"GST will eliminate the multiplicity of taxes and make India a single common market and as per IMF (International Monetary Fund) projections, India's medium term growth is poised to raise above 8%."

He also said the government is mulling many more multi-faceted reforms, which are expected to ensure that India can withstand the volatility of the global economy as well as ensure an upward growth trajectory.

Jaitley said the rich nations still have a big responsibility and obligation to use their resources to support multilateralism, to make institutions like the World Bank strong to be able to fund policies and programmes for the growth and development of poorer nations.

He was addressing the gathering at the Development Committee Restricted Lunch Session here.

Jaitley also held separate bilateral meetings with the Finance Ministers of Indonesia and Australia here and discussed areas of mutual collaboration and commonality of their positions in various multilateral fora.

He is currently on a tour to Washington to attend the Spring Meetings of the IMF and the World Bank and other associated meetings.

Jaitley is accompanied by RBI Governor Urjit Patel, Economic Affairs Secretary Shaktikanta Das, Chief Economic Adviser Arvind Subramanian and other officials.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Arun Jaitleyemerging economiesglobal growthEconomic growthIndia's growthG-20 meetingGSTIMFWorld BankEconomy
RELATED NEWS
India-US relations more stronger, matured over last few decades, says Arun Jaitley India-US relations more stronger, matured over last few decades, says Arun Jaitley
FM Arun Jaitley holds bilateral meet with US Commerce Secretary Wilbur Ross to resolve H-1B Visa tightening issue FM Arun Jaitley holds bilateral meet with US Commerce Secretary Wilbur Ross to resolve H-1B Visa tightening issue
Arun Jaitley takes up H-1B visa issue with US Commerce Secretary Arun Jaitley takes up H-1B visa issue with US Commerce Secretary
Defence Minister Arun Jaitley clears proposal to buy Barak missiles for Navy Defence Minister Arun Jaitley clears proposal to buy Barak missiles for Navy
18 lakh accounts under scanner for large deposits: FM Jaitley 18 lakh accounts under scanner for large deposits: FM Jaitley

LATEST NEWS

Rajasthan School Latest Exam News Today: GOOD NEWS! Students of classes 6 and 7 to get promoted without exams - check details here

CBSE Class 10 Class 12 Board Exams – Students, Parents welcome Govt’s Decision to Cancel CBSE Board exam 2021

Free Fire OB27 update: Check release date and time in India, upcoming patch, weapons and more

Infosys employee count - Up 7 pct YoY even as attrition picks up to 15.2 pct on-quarter basis

BIG - CBSE Board Exams 2021 - Class 10th boards CANCELLED, Class 12th postponed - Get FULL DETAILS here

CBSE Board Exam 2021: BIG NEWS! Class 12 board exams POSTPONED - know here when they will be held

Expert says Escorts share price consolidating in Rs 1200-Rs 1400 range, breakout above Rs 1400

Even in pandemic FY21 NOT a DUD – Money raised via IPOs, FPOs up by a WHOPPING 115%

Gujarat Board Latest Exam News: Will GSHSEB POSTPONE HSC SSC exams? Class 10, class 12 board exam candidates, DON'T MISS to check details here

Anil Singhvi recommends BUY on DLF; know the key levels and TARGET here

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved