With the Indian economy registering a GDP growth of 8. 2 per cent in the first quarter of the current fiscal, Union Finance Minister Arun Jaitley on Friday said that it represented the potential of a 'New India' in an environment of global turmoil.
"India's GDP for the first quarter this year growing at 8. 2 per cent in an otherwise environment of global turmoil represents the potential of New India, " Jaitley said in a tweet.
"Reforms and fiscal prudence are serving us well.
India is witnessing an expansion of the neo middle class, " he added.
As per the data released by the Central Statistics Office (CSO), the GDP at 2011 - 12 prices in the first quarter of 2018 - 19 registered a growth of 8. 2 per cent, up from 7. 7 per cent in Q4 of 2017 - 18 and 5. 6 per cent from year - ago corresponding quarter.
Hello EnglishHello English
