Finance Minister Nirmala Sitharaman expressed optimism, in interview published on Friday, that India could achieve its nominal economic growth target of 10.5% this fiscal year, and hinted that growth took priority over taxing diesel vehicles. "I would like to believe that we will achieve the target," Sitharaman told the Business Standard newspaper. India's fiscal year begins on April 1. Nominal gross domestic product growth fell to a 10-quarter low of 8% in the June-quarter. The minister also said stocking up of passenger vehicles by dealers to meet festival demand is an indicator for "activity and good buoyancy in the economy.

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