Vice Chairman of NITI Aayog Rajiv Kumar on Monday said that the Indian economy will achieve nine per cent growth rate by 2022. “The growth will be backed by reforms like GST, demonetisation and the Insolvency and Bankruptcy Code (IBC)” he added.
Kumar informed that the Indian economy grew by 6.6 per cent in 2017-18 and expected to grow at 7.5 per cent this fiscal.
Replying to a question on popularising electric vehicles, during a Facebook live event organised by NITI Aayog, he said that this is the best time for India to encourage, promote electric vehicles as petrol price is now touching $80 per barrel.
Kumar also said that the government has been starting numerous pilot projects which can demonstrate that farmers income can be doubled.