India maintaining high growth: FM

BEIJING: India continues to maintain a high growth rate even in times of difficult global conditions and is pursuing its agenda of pushing reforms and infrastructure

BEIJING: India continues to maintain a high growth rate even in times of difficult global conditions and is pursuing its agenda of pushing reforms and infrastructure creation, finance minister Arun Jaitley said.

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The bank has come up “amid huge expectations” and India is preparing a basket of projects worth $2-3 billion for AIIB funding, he added.

“The new bank has come up amid huge expectations in a difficult time for the global economy. The overall recovery of the global economy remains very modest and global growth rate projections have been revised downwards even though the Asia-Pacific region remains the growth engine for the world,” the finance ministry issued a statement on Sunday, quoting Jaitley.