India’s growth story is result of last ten years of having responsible budget: USISPF President Mukesh Aghi
Ahead of the Budget session for the year 2024-2025, which is slated to roll out tomorrow, the President and CEO of the US-India Strategic Partnership Forum (USISPF), Mukesh Aghi, said that India’s growth story is the result of the last ten years of having a responsible budget.
He underlined how the budget has always remained focused on balanced fiscal deficit.
“Well, India’s growth story is the result of the last ten years of having a responsible budget that is focused on a balanced fiscal deficit, controlling inflation and investing more and more in capital. And that growth story will continue with capital spending,” Aghi told ANI in an interview.
“When you have a four trillion dollar economy, growing almost by over 7 per cent, and continue to grow in that direction, that shows the internal consumption picking up, internal capital, and infrastructure spending are moving forward and maintaining a lower inflation rate, so I think the the budget, which has been used prudently in the last 10 years, we expect this to go forward in the right direction,” he underlined.
The USISPF President also highlighted the role of Indian diaspora in driving the country’s growth story on global stage.
He said, “If you look at the funds coming out of the Indian diaspora, they crossed for the first time over 100 billion dollars, and these funds are used either for personal consumption or in investments.”
He said that Indians, who are outside India, are driving a substantial amount of growth for the country.
