NEW DELHI : Dwelling on the problem of non-performing assets facing Indian public sector banks, Finance Minister Arun Jaitley today said the Mallya episode has brought a bad name to the banking sector. “Vijay Mallya case has hurt image of India’s banking setor,” Mr Jaitley said, while speaking at India Today Conclave2016. Stressing on India’s growth potential, he said that at a time when global market and global trade are falling and Indian exports too are falling because of that, the current 7.5 per cent GDP growth looks very good but the country can do much better. “A combination of factors including a supportive global economy and domestic reforms are needed to fuel growth,” Mr Jaitley added. The Finance Minister said among sectors, agriculture has the maximum growth potential while geographically east of the country has the highest potential. Mr Jaitley said manufacturing sector growth can be stepped up now that wages are rising in China, the global industrial powerhouse. But for that domestic reforms are needed, he added. Mr Jaitley said India needs to aim higher and the private sector can do much better. (AGENCIES)
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