Five-year annual growth target of 8% ambitious: PM

India's annual economic growth target of 8 percent for the next five years is ambitious, Prime Minister Manmohan Singh said on Thursday.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead Masteryourmoney Earnings
moneycontrol.com

Home » News » Economy

Dec 28, 2012, 09.02 AM | Source: Reuters

Five-year annual growth target of 8% ambitious: PM

India's annual economic growth target of 8 percent for the next five years is "ambitious", Prime Minister Manmohan Singh said on Thursday.

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

Five-year annual growth target of 8% ambitious: PM

India's annual economic growth target of 8 percent for the next five years is "ambitious", Prime Minister Manmohan Singh said on Thursday.

Post Your Comments

Share Cancel

India's annual economic growth target of 8 percent for the next five years is "ambitious", Prime Minister Manmohan Singh said on Thursday.

The country should aim for an 8 percent average growth over the five years beginning April 2012, Montek Singh Ahluwalia, deputy chairman of the planning commission, said on Wednesday.

India's is battling its worst slowdown in a decade. Economic growth for the current fiscal year that ends in March is forecast to be 5.7-5.9 percent, the slowest since 2002-03.

Also Read:

Tough to repeat '12 momentum; rate-cut impact low: Experts
Investor wealth soars 27% to over Rs 67 lakh cr in 2012

Singh, speaking at an event to finalise targets for the country's next five-year plan, also said that early implementation of a goods and services tax was critical to boost the tax/GDP ratio.

He added that subsidies on energy products should be limited, with a phased adjustment of prices.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Five-year annual growth target of 8% ambitious: PM

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