India can achieve 8-10 per cent growth: Prab

PORT MORESBY, April 29: President Prab Mukherjee on Friday said that the Indian economy has the potential to grow at 8-10 per cent per year over the next couple of decades.

“India today stands poised for another leap forward that is predicted to be around India’s GDP growth 7.6 per cent in 2016-17 and going to have higher growth rate in the coming years,” Mukherjee said here.

The President was addressing the Papua New Guinea Business Council on the second and concluding day of his official visit to this Pacific island-tion.

“In fact, the Indian economy has the potential to achieve 8-10 per cent GDP growth per year over the next couple of decades,” the President, himself a former fince minister of India, said.

Mukherjee said that the world today saw the Indian economy as a bright spot in an otherwise gloom and bleak economic environment all over the world. (IANS)