Union Finance Secretary Dr TV Somanathan on conservative nature of the funds

We expect development can be 6.5 per cent to 7 per cent and inflation as measured by CPI Plus WPI collectively could also be round 4 per cent, so it’s more likely to be 10.5 to 11 per cent nominal development. Is it conservative? Sure, I believe the danger of it being exceeded is larger than the danger of it being underneath shot. However as a monetary particular person, I choose to be in that place fairly than to be ready the place we anticipate it to not be achieved,” says Dr TV Somanathan in a dialog with businessline Editor Raghuvir Srinivasan

Be sure you take a look at the opposite movies beneath,

Breakfast with BL | Union Finance Secretary Dr TV Somanathan on the long-term capital positive factors measure within the Funds

Breakfast with BL | Union Finance Secretary Dr TV Somanathan on the debt to GDP ratio

Breakfast with BL | Union Finance Secretary Dr TV Somanathan on the employment schemes within the Funds