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)

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