Govt is committed to narrow the current account deficit: Arun Jaitley

Finance Minister Arun Jaitley yesterday said that there are some more steps on the anvil to narrow the current account deficit and bolster forex inflows. He also said that there are huge avenues for Indian economy Growth in the next 10-20 years.

Speaking at a summit in New Delhi, Mr Jaitley said that most currencies are weakening against the dollar and it's a global



phenomenon. He added that  India’s ability to maintain the current growth rate for a decade or two is reasonably certain. 

Enunciating some of the steps taken recently, he said the government has cut the borrowing target for the current fiscal by Rs 70,000 crore rupees and allowed oil companies to raise USD 10 billion US dollars in one year.