NEW DELHI 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)
Trending On Reuters
HSBC Holdings Plc is shutting its private banking unit in India, marking the exit of another foreign bank from the cut-throat wealth management business in Asia's third-largest economy. Full Article