India should aim 8 percent avg growth between 2012 and 2017 - Montek
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)
- Tweet this
- Share this
- Digg this
- Ukraine says pro-Russia rebels shoot down two fighter jets
- U.N.'s Pillay says Israel may be committing war crimes
- South Korea ferry fugitive hid behind cabin wall, bags of cash at hand
- China's Xiaomi hopes Mi 4 smartphone can take on Apple
- Jet Airways chairman says looking to restructure debts, talking to bankers
India will not support a trade facilitation protocol ahead of a July 31 deadline unless its concerns about subsidies are met, two senior government officials said on Wednesday, sticking to a hard line critics say could derail a landmark global trade deal. Full Article
Bullish on Indian equities, but gains seen 'less sharp'- Goldman Sachs Full Article
Jet Airways chairman says looking to restructure debts, talking to bankers Full Article
Honda's India unit to account for 25 pct of Asia Pacific sales by March 2017 - exec Full Article
Five held in China food scandal probe, including head of Shanghai Husi Food Full Article