Will take all measures to achieve a growth rate between 5.5-6%: P Chidambaram

Will take all measures to achieve growth rate of 5.5-6%: FM
P Chidambaram has said that he expects India's economy to grow between 5.5-6 per cent in the current fiscal on the back of global challenges and slowdown in investment.

Speaking to the reporters, Finance Minister said, "Just as we consolidated the Indian economy in 2012-13,I am confident that we will take the economy one rung higher in 2013-14. We are looking forward to a growth rate between 5.5-6 per cent and we will take all measures to achieve that goal."

"When the global economy is challenged, the Indian economy will also face challenges. It is the challenges that should bring out the best in the people, especially our farmers, manufacturers and service providers. I am an eternal optimist," he added.

According to the PTI News agency, Chidambaram urged that domestic investments must be revived, and added that the demand for credit is sluggish from big industry.

Read more about: economic growth
Story first published: Thursday, August 1, 2013, 9:31 [IST]
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