22,800
Chidambaram confident of 5-5.5% growth in 2013-14

Published on November 15, 2013 at 7:43

Chidambaram confident of 5-5.5% growth in 201


Confident of achieving 5 to 5.5 per cent growth in the current fiscal, Finance Minister P Chidambaram today said that the green shoots are visible and that the economy will revive, there will be an upturn in the second half of this year .Addressing bankers and economists at Bancon 2013, a flagship event of the Indian Banks’ Association, Chidambaram told the lenders to deal firmly with wilful defaulters, but handhold those who are reeling under the impact of the economic slowdown.The economic growth rate slipped to decade’s low of 5 per cent in 2012-13 and during the first quarter of current fiscal it stood at 4.4 per cent.Mr Chidambaram also pledged to meet the country’s fiscal and current account deficit targets, as fears of U.S. Federal Reserve reducing its stimulus fuel concern India’s vulnerability to foreign sell-offs.

Related articles

latest news
Holiness of Sabarimala Pilgrimage
Sabarimala is a popular Hindu pilgrim center belongs to the Pathanamth...
Why we celebrate 'Valentine's day' on Februar
Valentine's day is considered as the day of lovers. Every year, this ...
Deadly purpose of a Torpedo Owl may makes you
Kokkola (Finland): A staring owl was brilliantly photographed while fl...
China warns US over its provocative actions
Beijing: The commander in chief of Chinese Navy has warned US against ...
Laser treatment for the living symbol of Viet
Miami: Forty-three years ago there was a photograph of a little girl f...
Europe and Russia plans combined moon mission
The space agencies from Russia and Europe have decided to send a lande...
Russia launches Naval bombardment in Syria
Washington: Russia has recently launched a naval bombardment on ISIS t...
Iraq to demand Russia to conduct air strikes
Baghdad: Iraq may also request Russia to conduct air strikes to expel ...