![]() Goal is to bring inflation down to 4%: FMPublished on Fri, Nov 03, 2006 at 10:55 | Source : Moneycontrol.com Updated at Fri, Nov 03, 2006 at 17:35 Addressing the Bankers Conference in Hyderabad, the Finance Minister, P Chidambaram struck a note of caution and said that there are signs of overheating in some sectors and banks must focus on moderating credit growth and rebalancing their portfolios.
The Finance Minister, P Chidambaram said that the manufacturing sector growth will match that of the services sector. He adds that he is confident of over 8% GDP growth in FY07.
Moreover, he mentions that the banking sector must moderate credit growth to sectors showing overheating. He also says that the increase in repo rate signals that the government is willing to take measures for the same.
He further states that their goal is to bring inflation rate down to 4%.
PREVIOUS STORY Trending NewsBusiness News
|
NewsVideos
Interviews
May 27 2012, 11:52 | Source: CNBC-TV18 ![]() May 27 2012, 11:00 | Source: CNBC-TV18 ![]() Subscribe to Moneycontrol Newsletters |
|||||||