FM: rate cuts to help India achieve 6.5 percent growth
NEW DELHI (Reuters) - Reduction of interest rates will help India achieve a growth rate of 6.5 percent in 2013/14, Finance Minister P. Chidambaram told ET Now television channel on Friday.
Chidambaram on Thursday unveiled a surge in government spending, and said he expects the economy to grow at 6.5 percent in the next financial year ending in March, 2014.
(Reporting by Suvashree Choudhury; Editing by Anand Basu)
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Modi's U.S. Trip
Prime Minister Narendra Modi, on his first trip to New York as leader of the world's most populous democracy, will draw perhaps the largest crowd ever by a foreign leader on U.S. soil when he takes the stage on Sunday in Madison Square Garden before a crowd forecast to total more than 18,000 people. Full Article