FM Arun Jaitley : India likely to grow at 7.2 per cent in FY17

FM Arun Jaitley : India likely to grow at 7.2 per cent in FY17

New Delhi: Finance Minister Arun Jaitley on Saturday said that Indian economy is expected to grow at 7.2 per cent in 2017 which will further rise to 7.7 per cent in 2018.

"Though this is a challenging time, India has remained a bright spot. We have successfully implemented reform measures," Jaitley said here at the opening ceremony of the second New Development Bank meeting.

Jaitley said emerging market economies (EMEs) face newer challenges in the form of inward looking policies of protectionism of some economies, global financial condition, policies of the United States and increased geopolitical tension.