Jaitley says protectionism talk will not affect India, determined to grow despite slowdown

Finance Minister Arun Jaitley said India will not be affected due to protectionism talk in the developed economies. He added unpredictable global slowdown have not affected India.

"What strikes us today is two important factors - unpredictable global slowdown and the rhetoric of protectionism in developed economies - have not affected India," Jaitley said at 'Make In India-Karnataka conference', adding “not a single sound or even 'a whisper' of protectionism is being heard in India and such talk is there only in the developed economies.”

He said the environment supporting reform has never been as supported in the past as today and so it is the responsibility of both the central and state governments 'to put themselves together' and look at the road map of continuing this path of growth.

The minister also said that in spite of India's growth being pegged at 7 to 7.5 per cent growth rate, it is not a satisfied nation and has hunger to grow even faster.

"We are not satisfied with the tag of being the fastest economy in the world. We think we have a potential to do better," he said.