India should aim 8 percent avg growth between 2012 and 2017 - Montek

NEW DELHI Wed Dec 26, 2012 4:35pm IST

An Indian labourer walks back to his house after working at a construction site in Chandigarh November 29, 2005. REUTERS/Ajay Verma/Files

An Indian labourer walks back to his house after working at a construction site in Chandigarh November 29, 2005.

Credit: Reuters/Ajay Verma/Files

Related Topics

NEW DELHI (Reuters) - India should aim for an 8 percent average economic growth over the next five years beginning April 2012, Montek Singh Ahluwalia, deputy chairman of the planning commission, said on Wednesday.

He said mounting uncertainties in the global economy have increased risks to India's economic growth.

"There is merit in being realistic," he said.

India's economy is battling its worst slowdown in a decade. Economic growth for the current fiscal year that ends in March is forecast to be 5.7-5.9 percent, the slowest since 2002/03.

(Reporting by Arup Roychoudhury; Editing by Subhranshu Sahu)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Diwali Sales

Diwali Sales

Gold sales jump about 20 pct for Diwali - trade body  Full Article 

World Bank Rival

World Bank Rival

Three major nations absent as China launches W.Bank rival in Asia  Full Article 

Wal-Mart India

Wal-Mart India

Murali Lanka appointed as Wal-Mart India operations chief  Full Article 

Microsoft Earnings

Microsoft Earnings

Microsoft sales beat Street hopes, cloud profits up.  Full Article 

Special Report

Special Report

Why Madrid's poor fear Goldman Sachs and Blackstone  Full Article 

U.S. Economy

U.S. Economy

Spectre of no-inflation world looms over Fed's return to normal  Full Article 

Insider Trading

Insider Trading

Rengan Rajaratnam, SEC to settle civil insider trading charge.  Full Article 

Market Watch

Market Watch

Betting on the beaten up? Investors pin hopes on stocks in Europe, Japan.  Full Article 

India Insight

India Insight

Kalki Koechlin on her role as a disabled girl in “Margarita, With a Straw”  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage