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Government official expects economy to remain on a sustained growth path

Updated : September 27, 2018 10:46:11 IST

The country is passing through a small storm and economy remains on a sustained growth path, a government official told CNBC-TV18. The official also played down the fall in the stock markets.

Aviation Turbine Fuel (ATF) is a non-essential and the increase in import duty won't have much impact on airlines, the official added.

On Wednesday, the government imposed a basic customs duty of 5 percent on jet fuel, or ATF, which effectively raised the prices of the fuel that oil refiners supply to airlines by Rs 2,000 a kilolitre from Thursday.
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