Growth target of 6% to 6.5% in 2021 is realistic: Nirmala Sitharaman

The Finance Minister Nirmala Sitharaman has said that the government’s growth targets for 2021 are within reach.
“I say it is realistic because we’ve taken various factors on board, and expect the (government’s) revenue generation to improve, which it’s already showing signs of,” said Nirmala Sitharaman.

The economic survey projected the economy will grow in the range of 6% to 6.5% in the new fiscal year that begins on Apr. 1. For those numbers to be realized, the economic output needs to see a sharp rebound after the pace of expansion slowed to a six-year low in the three months ending in September.

Sitharaman said that an improvement in the government’s revenue generation would is beneficial in investing infrastructure projects through which some gains are likely to be observed as it “puts money in the hands of the people (and) core industries revive because of the demand.”