Chidambaram hopeful of 9 pc growth in next fiscal

HIGH HOPES: Addressing students of Pondicherry University Chidambaram said India will have 9 per cent growth.

Ads by Google

ibnlive.com is on mobile now. Read news, watch videos
be a Citizen Journalist. Log on to m.ibnlive.com NOW!

Related Stories

• Farm sector hurting overall growth: Chidambaram

• Debt waiver to be funded by taxes: Chidambaram

• FM asks auto firms, airlines to cut prices

Photogallery

Find us on Facebook | Join IBNLive community

Stay ahead with G-Talk Buddy | Click now!

  

Puducherry: Home Minister P Chidambaram expressed confidence that India would achieve nine per cent growth rate during the second half of the next fiscal year.

Chidambaram said that the country escaped global economic crisis due to the strong banking institutions and firm policies the Government pursued.

Addressing staff and students of Pondicherry University after declaring open the new premises of the School of Management in the university, Chidambaram said one could rest assured that the country would score 9 per cent growth during the second half of the next fiscal.

“India escaped the impact of the global economic crisis due to its strong banking institutions and also the firm policies they pursued,” he said.

He said that the country had made steady progress ever since “we (the UPA Government) came to power in 2004 and the distinct policies adopted keeping in mind the welfare of the people have also been chiefly responsible for the 9 per cent growth”.

“This achievement was not anything magical or accidental, but was a successful accomplishment for the hard work.”

Agriculture, service and industrial sectors and certain other areas had made stupendous and impressive progress during the last four years. The human resource, sustained hard work had also been instrumental for the achievement in economic growth, Chidambaram said.