FM: rate cuts to help India achieve 6.5 percent growth

NEW DELHI Fri Mar 1, 2013 4:07pm IST

Finance Minister P. Chidambaram gestures during an interview in New Delhi September 15, 2005. REUTERS/Kamal Kishore/Files

Finance Minister P. Chidambaram gestures during an interview in New Delhi September 15, 2005.

Credit: Reuters/Kamal Kishore/Files

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)

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

Indian Markets

Indian Markets

Nifty marks record high, tracks higher global shares.  Full Article 

Tracking Asia

Tracking Asia

Asian shares hitch a ride on Wall Street's record  Full Article 

Commodities

Commodities

Gold near two-month low; set for weekly drop on interest rate fears  Full Article 

RBI Annual Report

RBI Annual Report

RBI reiterates commitment to bring down inflation .  Full Article 

Monsoon Update

Monsoon Update

Monsoon to display lull as floods ease.  Full Article 

Regulatory Troubles

Regulatory Troubles

U.S. regulator alleges Dr Reddy's breached packaging rules  Full Article 

Reuters India Mobile

Reuters India Mobile

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