India will achieve 10% GDP growth by Q4 of fiscal: Goyal
New Delhi, June 18 : The government is hopeful of achieving double-digit gross domestic product (GDP) growth in the country by the fourth quarter of the ongoing financial year, Railway and Coal Minister Piyush Goyal said on Monday.
Responding to a query at the Growth Net conclave here on how India proposed to go much faster than the current 7 per cent growth rate, Goyal, who also has temporary charge of the Finance Ministry, said his optimism on the 10 per cent GDP growth was based on the revival of domestic demand and the dynamism of a society that has become "aspirational".
"I see double digit growth happening by the fourth quarter of this year. There is a demand optic in the country and this growth will be driven by a society that has become very aspirational," he said.
There is one caveat to this... when this country decides to do business honestly, we will have 10 per cent GDP growth," he added.
Noting that the NDA government was committed to being an enabler of growth, Goyal said its focus had been providing on providing political and macroeconomic stability.
"Our focus has been on not doing anything that threatens the social fabric of the country. How can we take the entire country along for growth and development... that has been our thrust in these four years," the Minister said.
"Fiscal deficit this year will be kept within the target limit of 3.3 per cent. We are monitoring to ensure that the deficit is at 3.3 per cent despite it being an election year."
Asked if rising global crude oil prices were threatening India's macroeconomic stability, Goyal said the government was monitoring the situation on a real time basis, including other international factors like the rise in interest rates in the US and Europe.
"The government is monitoring the situation on a real time basis. It will ensure the stability of the economy and that we achieve all targets, including the fiscal deficit of 3.3 per cent," he said.
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Ex-Maharashtra home minister Anil Deshmukh seriously hurt in stone pelting on his car
Nagpur, Nov 18: Former Maharashtra Home Minister and NCP (SP) leader Anil Deshmukh was seriously injured after stones were hurled at his car in Nagpur district on Monday night, police said.
The incident occurred around 8 pm when Deshmukh was returning to Katol after attending a meeting in Narkhed village.
Some unidentified persons threw stones at Deshmukh's car near Belphata on the Jalalkheda Road near Katol. Deshmukh, who sustained injuries during the attack, was immediately rushed to the Katol Civil Hospital, police said.
Nagpur Rural Superintendent of Police, Harssh Poddar, confirmed the incident. He said senior officers were rushed to the spot.
"An investigation has begun. Police are trying to identify those responsible for the attack," he said.
The incident occurred on the last day of campaigning for the November 20 Maharashtra assembly elections.
Deshmukh's son Salil Deshmukh is contesting from the Katol assembly constituency on the NCP (Sharadchandra Pawar) ticket against BJP's Charansingh Thakur.
नागपुर के पास काटोल में NCP शरद पवार गुट के नेता अनिल देशमुख पर हुआ हमला#AnilDeshmukh | Anil Deshmukh | #Maharashtra pic.twitter.com/Fg16WRa66u
— News24 (@news24tvchannel) November 18, 2024
#BREAKING 🚨 | Former Home Minister Anil Deshmukh was injured in a stone-pelting attack on Katol-Jalalkheda Road after a rally. His vehicle was damaged, and he received emergency treatment.#AnilDeshmukh #AttackonAnilDeshmukh #Katoljalalkhedaroad #attack pic.twitter.com/5WxQrMxGU0
— Lokmat Times Nagpur (@LokmatTimes_ngp) November 18, 2024
