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7% growth in H2: NITI Aayog

Rajiv Kumar, Vice Chairman, NITI Aayog, believes that the second half we will produce higher than 7% rate of growth, taking the total growth for the whole year to 6.5%. On the issue of ramping up disinvestment to INRs 1 lakh crore, he said that this is a beatable one. More non-tax revenues need to be mobilised through disinvestment and asset monetization to meet the challenges of the current year and because of slower growth in the first half.

“We have to make even more efforts at facilitating and promoting private investment in the country. That is the key to achieving faster growth and therefore we should all buckle down to making sure that investment sentiment becomes strong and positive and we do whatever is required to facilitate the growth of private investment in our country”, he said.