Indian economy is set to grow at 7 per cent this fiscal despite the global slowdown. Addressing the, “ The Indian Economy: The Outlook 2010 Business Interaction”, organized by the Confederation of Indian Industry and the Confederation of British Industries, Planning Commission Deputy Chairman Montek Singh Ahluwalia, said that he hopes to get over 8 percent growth in 2010-11 and 9 per cent in 2011-2012. He further said India would have grown at 9 percent last year if not for the recession.
Montek Singh Ahluwalia also pointed that the India is on the right track and is giving importance on developing infrastructure, including telecommunications, power, railways, road, airports and ports. Government has considerably increased the pace of approval of projects and this should drive foreign investment as India is a good place to invest. Answering a question regarding FDI investment ceiling in the medical insurance sector from 26 percent to 49 percent, Ahluwalia said, “The government is very clear that it should go up to 49 per cent and the issue is before a select committee of Parliament.”
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
