India can soon be fifth largest global economy: Jaitley
Mumbai, July 12 : India can become the worlds fifth largest economy soon if firm growth continues, Union Minister Arun Jaitley said on Thursday.
His comments came a day after the World Bank's latest rankings placed India as the world's sixth-largest financial system, ahead of France in seventh place. As per the World Financial Institution data for 2017, India's GDP amounted to $2.597 trillion as compared to $2.582 trillion for France.
"India can become world's fifth largest economy if firm growth continues," Jaitley said in a video address at a National Bank for Agriculture and Rural Development (NABARD) event here.
Noting that the economy is in a stable condition, he said there should be added focus on eliminating agrarian distress.
In this connection, the recent move to hike the Minimum Support Price (MSP) for farmers will help eradicate farmer distress that was rampant last year, he said.
The decision to extend the MSP is an enormous step to scale back the plight of farmers within the nation, he said.
"NABARD has played a crucial role in shaping the agrarian sector."
The NDA government is paying particular attention in improving the country's rural infrastructure, he added.
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Schools, colleges in Kashmir except those in border districts reopen
Srinagar (PTI): All schools and colleges in Kashmir except those in the border districts reopened on Tuesday following a suspension of hostilities between India and Pakistan, officials said.
Education institutes in Kupwara, and Baramulla districts, and those in the Gurez sector of Bandipora would remain closed for now, they said.
According to the officials, Kashmir University will resume classes on Wednesday.
Schools, colleges and universities in the Union Territory were temporarily shut last week in view of the military standoff between India and Pakistan.
However, in a pause in the standoff, the Jammu and Kashmir government on Monday ordered the reopening of educational institutes across the Union Territory, except for those in the border districts.
