Finance Minister Arun Jaitley on Friday addressed a gathering at Confederation of Indian Industry (CII).
Here are the excerpts from the Arun Jaitley’s speech at CII:
# India’s position has improved in last three decades.
# The global financial situation has witnessed big volatility in last decade.
# But, now trends are changing and it happening only because of political changes in the country. We are moving towards developed countries.
# Indian economy is among the most growing economies of the world.
# The growth format which has been adopted in last two and half decades has been better that what it used to be earlier.
# States have also witnessed big changes in terms of development.
# GST has been passed with the help of states and it won in both the Houses.
# Profiteering is not a bad word, but unfair enrichment is.
# In last few years, we have moved towards big changes.
# We should not become buyer, instead we should become producer.
# Gandhi said right cause never fails.
# In last three years, India is fastest growing economy of the world.
# Some tough steps are necessary to make India an increasingly tax compliant society.