FM Nirmala Sitharaman says Indian Economy will grow at 7.4% this fiscal and next year

Finance Minister Nirmala Sitharaman has said that the Indian economy will grow at the rate of 7.4 percent in the current fiscal as well as in the next year.

She said, International Monetary Fund and the World Bank have projected India's growth to be the fastest for the next two fiscal years, and their estimates are in sync with that of the Reserve Bank of India.

Addressing an event in Mumbai, Ms Sitharaman also said that India is attracting new investments.

She said the global situation continues to be challenging and it is not the right time to throw caution to the winds as yet.

On the issue of freebies, Ms Sitharaman said there is a need for a rigorous debate on the freebies side.

She stressed that political parties making pre-poll promises should make budgetary provisions for taking care of the expenditures and not push the burden on other entities.