He tried to convince all that the growth figure is the result of steps taken by the government under the leadership of Narendra Modi.
He reminded that the government has taken many decisions like special mechanism for resolution of tax disputes, dispelled investor fears on retrospective tax, rise in FDI in defense that based the growth rate.
He said, “I am sure the impact (of government’s long term policies) in coming quarters would be much larger. Long-term impact of decisions taken in 100 days will be gradually felt “.
Speaking on the Supreme Court’s order to reallocate coal blocks, he said, “We can’t allow fate of coal blocks to hang in mid-air. I hope this decision doesn’t linger on”.
He said, on the Iraq crisis impact that after Iraq crisis, it looked like oil prices would go out of control but they have moderated to a comfortable level.