According to the Union Finance Minister Arun Jaitley, India has the capacity to grow at 8-9 per cent and good governance would make economic expansion Â´more exuberantÂ´. Amid investments slowing down and allegation of corruption in allocation of natural resources, IndiaÂ´s economic growth had slumped to below 5 per cent in 2012-13 and 2013-14. The economy, however showed signs of revival wih a GDP growth of 5.7 per cent in the April-June period.
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