Indian economy will bounce back growth of up to 7% next year: FM

The Indian economy will grow at a rate of 6 per cent this financial year and report a great growth of up to 7 per cent next year, Finance Minister P Chidambaram said. Trying to dispel fears over the economy’s current slow growth rate, Mr. Chidambaram said there was no need to feel demoralized about the slow growth rate as the government was taking steps to stimulate growth and that the economy would bounce back to a high annual growth rate in the next two years. read more

The Indian economy will grow at a rate of 6 per cent this financial year and report a great growth of up to 7 per cent next year, Finance Minister P Chidambaram said. Trying to dispel fears over the economy’s current slow growth rate, Mr. Chidambaram said there was no need to feel demoralized about the slow growth rate as the government was taking steps to stimulate growth and that the economy would bounce back to a high annual growth rate in the next two years. read more

[via Stock Watch – Stock Specific News]

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