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Will end this fiscal with over 7% GDP growth: PM

By Niranjan Mudholkar,

Added 17 February 2016

Says, IMF, World Bank, OECD, ADB and other institutions have projected even better growth in the coming days.

The PM also shared that this year, India will record the highest ever coal production.  Also, 2015 was the year when India's highest ever generation of electricity was recorded. "On the issue of safety of properties and rights, we have already enacted a law for fast tracking of arbitration proceedings. We are establishing dedicated Commercial Courts and Commercial Divisions in High Courts.

"The formation of the Company Law Tribunal is at the final stage. Soon we shall be putting in place an effective IPR Policy and patent regime.  We hope to pass the bankruptcy law which has been tabled in Parliament," the PM informed.

The PM also reiterated his belief in ‘Minimum Government and Maximum Governance'. "Therefore, almost on a daily basis, we are trying to remove the bottlenecks that were affecting investments and growth," he said.
END