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)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- REFILE-Slain journalist's employer publishes email to family from Islamic State
- Arvind Subramanian likely to be chief econ adviser
- UPDATE 2- Santos touts growth prospects with big gas find off Australia
- Gold near two-month low; set for weekly drop on interest rate fears
U.S.-based economist Arvind Subramanian is poised to be named as chief economic adviser to Prime Minister Narendra Modi's government, two sources at the finance ministry said on Friday. Full Article