NITI Aayog Vice-Chairman Arvind Panagariya has said that a good monsoon, reforms and good decisions in a timely manner by the Government of India will definitely drive the country's growth above the mark of 8% in the following quarters of this financial year.
Amidst deliberations over the proposed multi-rate structure of the Goods and Services Tax (GST), Niti Ayog Vice Chairman Arvind Panagariya has come out in full support of the move saying the regime will help curb any possible rise in inflation and loss in income.
The Indian economy will see an over three-fold expansion at $7.25 trillion by 2030 and clock an average growth rate of 8% over the next 15 years, Niti Aayog vice chairman Arvind Panagariya said on Sunday.