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

Priyanka Gandhi Vadra, daughter of Congress party chief Sonia Gandhi, adjusts her flower garlands as she campaigns for her mother during an election meeting at Rae Bareli in Uttar Pradesh April 22, 2014. REUTERS/Pawan Kumar

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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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