Chidamabaram to visit Frankfurt to woo investors

Union Finance Minister of India P Chidambaram will launch a new promotion campaign here from Monday to woo European investors to India as the government struggles to reverse an economic slowdown, rein in fiscal deficit and avert a possible downgrade by the rating agencies.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Business

Jan 28, 2013, 09.59 AM | Source: PTI

Chidamabaram to visit Frankfurt to woo investors

Union Finance Minister of India P Chidambaram will launch a new promotion campaign here from Monday to woo European investors to India as the government struggles to reverse an economic slowdown, rein in fiscal deficit and avert a possible downgrade by the rating agencies.

Like this story, share it with millions of investors on M3

Chidamabaram to visit Frankfurt to woo investors

Union Finance Minister of India P Chidambaram will launch a new promotion campaign here from Monday to woo European investors to India as the government struggles to reverse an economic slowdown, rein in fiscal deficit and avert a possible downgrade by the rating agencies.

Post Your Comments

Share Cancel

Union Finance Minister of India P Chidambaram will launch a new promotion campaign here from Monday to woo European investors to India as the government struggles to reverse an economic slowdown, rein in fiscal deficit and avert a possible downgrade by the rating agencies.

Chidambaram will attend a roadshow on investment opportunities in India hosted by Deutsche Bank and Barclays Bank in Germany's financial centre and will hold discussions with leading representatives of European companiesand institutional investors.

He is expected to bolster investor confidence in the world's fourth largest economy by outlining the measures taken by the Indian government in the past months to further liberalise foreign investments in various sectors, including multi-brand retail, single brand retail, power trading exchanges, commodity exchanges, non-banking financial institutions, broadcasting and aviation.

He may also assure them that India's economy is on the path to recovery and will bounce back to 8 per cent growth, driven by continuing efforts by the government to implement economic reforms and to reduce fiscal deficit as well as by improvements in FDI inflows into the country and gains on the export front.

The government set a fiscal deficit target of 5.3 per cent of the GDP for the current year.

According to official estimates, the economy is expected to grow by 5.7 per cent in 2012-2013 and by 6.7 per cent in 2013-2014, but economic analysts forecast that growth for the current financial year will be around 5.5 per cent.

Economic growth during the second half of 2012-2013 slowed down to 5.3 per cent from 6.7 per cent in the corresponding period in the previous year.

 

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Chidamabaram to visit Frankfurt to woo investors

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login