India's GDP Growth of 7-8 Percent 'Fairly Reasonable', Says Finance Minister Arun Jaitley

Finance minister Arun Jaitley dismisses suggestions that the slowdown in economy was on account of demonetisation

As per the technology development in our society, there are so many advantageous steps are established towards the particular field. People are always looking for a change to lead the other country by the economic level and some other stage. Fortifications of different information are allowing the people to get satisfaction in their life. While coming to the economic status of our country, GDP growth rolls a main place in that. Let we can have a gist about the economic growth of a country with respect to the GDP level.

GDP is nothing but the economical measurement of various products and services with respect to the period of distribution and the market value. This consideration is revealing the current strategy of the specific country or regions. In fact, this system provides economical growth and if it is declining also there is no need to worry about the economic status. As per the statement of Arun Jaitley, there are so many factors are responsible for the reducing stage of GDP growth. 

It will be 7 to 8 percent responsible for the economic growth of the particular country. A survey is providing the information that the GDP growth of India can be increase as 6.1 percent which is pulled down as 7.1 percent when comparing with China. In each and every sector the growth rate became down corresponding the goods or services.  It was mainly occurred by the global and domestic factors which are the surrounded aspects to increase the Gross Domestic Product. 

Currently, the India has lost the professional or economical tie up with the China. In the economic status, GDP growth is verified by counting the currency notes and compared with the counterfeits which are already existed. This colossal process is activated with the support of reserve bank of India (RBI). Recently we had the process of demonetization on Nov 8, 2016.and we are very well about the advantages and drawbacks about that.

If the GDP growth is decreased, the Government can easily identify the bad loans and black money etc. So, this GDP growth is dramatically changes the lifestyle of the people with the proper economic level. Eventhough it has so many benefits, there are some people still lagging to have this technique. Arun Jaitley has already exhibits its advantageous options and recommendations to civil aviation ministry which is responsible for the notional policies and programmes.