Zee Media Bureau
New Delhi: Union Finance Minister Arun Jaitley on Friday said the challenges and troubled times that the Indian economy is facing is capable of becoming turning points.
He also said that days are not far when India can match Chinese growth rate.
Jaitley also said that investment, infrastructure and improving manufacturing are essential for reviving the economy.
Meanwhile, the country's manufacturing sector grew at its fastest pace in two years in December, ending 2014 on a high note on strong orders flows, including from abroad, an HSBC survey said on Friday.
The headline HSBC India Purchasing Managers' Index (PMI) -- a composite gauge designed to give a single-figure snapshot of manufacturing business conditions -- stood at 54.5 in December, up from 53.3 in the prior month.
The manufacturing sector output, improved for the 14th month in a row and reached a two-year peak in December.
A figure above 50 indicates the sector is expanding, while a figure below that level means contraction.
