Economy to grow at close to 9% this fiscal

Finance minister P Chidambaram on Monday said that Indian Economy would grow close to 9% in 2007-08. “I am not changing my projections, the growth rate in 2007-08 will be close to 9%,”he told reporters after inaugurating the 1500th branch of Indian Bank. He added that the average growth rate in the last four years has been 8.6%. For 2008-09, too the Chidambaram is setting a target of 9%. “With more investments taking place, we can aim to grow at 9% in 2008-09,”he said, adding that this would require “hard work.”The government also needs to deliver while outlays have to be translated into outcome.

The Financial Express

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Economy-to-grow-at-close-to-9-this-fiscal-reiterates-FM/256215/