Jugal Kishore Mahapatra, Principal Secretary, Finance, Government of Odisha, distinguished delegates from across the country, ladies and gentlemen. I am very happy to be invited to this important conference being organized by the ICAI in this picturesque temple city of Bhubaneswar which can also be called as God’s Own City.
But we have some distance to go before we move beyond the minimal investment in productive capacity we have seen in recent years. This suggests that future growth in the economy will be handicapped unless investment becomes much stronger. For many years we took the view that the economy’s potential growth rate hovered somewhere around 4 percent. This was optimistic.